RE: Updating Currency Exchange Rates. I have a sit...
# accounting
r
RE: Updating Currency Exchange Rates. I have a situation where currency exchange rates were created both manually and automatically from a rate provider from June 1-15. However, these manual and automatic rates for the same date usually do not match. My plan to fix this was to update the manually created rates via CSV import, but it doesn't appear that I am able to update rates. Is there a way to update manually imported currency exchange rates, or to delete them?
k
@RyanN - you can only update base currency rates, other rates are derived rates and not updatable. On the other hand, you can wait until the end of the month and use revaluation (in each subsidiary, please, not “include children”) to update the rates.
r
Will the Revaluation get rid of the manually created rates? Or update them to be the same as the auto-created rates?
k
it will not “get rid of them”, but it will use the last day of the month for the reval. Make sure you have that rate system driven