Editing Foreign currency Exchange Rates
In this section, you will learn how:
- Exchange rates are updated automatically
- Exchange rates can be edited from the list of currencies in use
- Exchange rates can be edited while creating a transaction
Once the Multicurrency feature has been enabled, Currencies will become visible within the LISTS column, which can be accessed from the gear icon:
Figure 7.4 – List of currencies in use
Most exchange rates are automatically updated daily or every 4 hours. If you don't wish to use the rates that are automatically provided, you can use the Edit currency exchange rate option, where you can choose to apply Your rate.
When creating any transaction that involves using a foreign currency, you can choose to override the rate provided. This can be seen in the following screenshot:
Figure 7.5 – Editing the exchange rate within a transaction
When you do override a...
