I use multi-currency and require a fixed FX rate per year for all posted transactions. Is there no way to have the "Your rate" feature be fixed for a day or a year.

OK if QBO tracks variation in FX account but right now I need to go into system to set daily rate fixed to 1.3.   I know many larger companies run this way of fixed FX rate per year so not sure why quickbooks can't accomodate it?

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Answer

Hi there,

I appreciate you reaching out to the Community.

I know how having this feature would benefit you. QuickBooks allows you to manually enter an exchange rate for a year. Good job on finding the Currency Center. Once you change the rate from there, that rate will be used for an entire day. I encourage to check out this article from our Community:

https://community.intuit.com/articles/1772888

The article shows you how to manually enter an exchange rate. I'll let you review the article. If you've got questions, don't hesitate to reach out. I'm here to help.
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IntuitJames , Community Support Specialist
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