New to NetSuite | Methods for Updating Exchange Rates: Automated Integration

Following our previous look at New to NetSuite | Methods for Updating Exchange Rates: Manual Updates, we now explore a more hands-off approach. For organizations prioritizing efficiency, NetSuite’s Currency Exchange Rate Integration automates daily updates from providers like Xignite or HSBC, minimizing manual errors and keeping global financials accurate.

The Currency Exchange Rate Integration feature updates exchange rates automatically once per day at approximately 6:00 a.m. using the selected provider. Updates occur in one of four available time zones and reflect the latest rates available at that time.

Eastern Time (U.S. & Canada) is the default time zone, but you can select a different time zone for each base currency record to control when its exchange rates are updated.