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How does Transaction's Currency Exchange Rate work?

edited Mar 16, 2023 1:08AM in Ask A Guru 3 comments

Hi Community,

I'm looking for some information about currency exchange rate between accounting books, especially for Sales Orders and Invoices.

We are facing cases of inconstant behavior and it's really challenging to find the reason why exchange rates are set to a specific value.

examples for questions we have:

  • On what time of the day the daily exchange rate is set? how it is affect Orders/invoices that are already exist in the system with this trandate?
  • What happen to orders/invoices that were created before the exchange rate was integrated into the system?
  • If I change the date of a Sales Order, will the exchange rate will be updated accordingly?

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