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New to NetSuite | Methods for Updating Exchange Rates: Manual Updates
One of the steps included in creating a currency record is to set up exchange rates, please see New to NetSuite | Set Up Currencies, between the base currency and foreign currencies to apply to transactions.
Currency exchange rates are used to convert foreign currencies to base currencies, providing default rates for transactions in currencies other than the base currency. These rates are stored at Lists > Accounting > Currency Exchange Rates. You can update these rates through various ways. One of which is through Manual Updates.
The following steps use USD to EUR as a placeholder example. You can apply this exact same process to any currency pair required by your business.
Niña Camille Paule | Advanced Accounting and Reporting
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