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Impact of transaction date on the Currency Conversion Rate

edited Jun 26, 2023 7:43PM in Ask A Guru 3 comments

Hello Gurus,

I got an interesting question here.

Want to get clarified the below scenario on the Currency Conversion Rate. 


Let say I created a journal entry a future date (transaction date as 07/10/2023) and let’s say the JE is in a currency other than the base currency of the entity. As I see NetSuite is assigning a conversion rate of today's date.

Does NetSuite automatically update the rate when that date occurs? (in this case it is 07/10/2023)

Thanks & Regards,

~BN

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