Exchange Rates Problems

ioozeerally

Is there any solutions about wave converting itself the currencies on same date at different exchange rates?
Please
Thank you
Can it be fixed?
Kindly advise if we can change the exchange rate manually because it does not seem to be accurate.

Alexia

Hi, @ioozeerally.

Foreign currencies in Wave are always exchanged according to the mid-market exchange rate from xe.com. It isn't currently possible to adjust this manually. I recommend creating new transactions to adjust your account balances so that they match what's actually in your account. You can categorize those transactions as "Gain on foreign exchange" or "Loss on foreign exchange", as the case may be.

I recognize that it's not an ideal solution, but Wave has limited support for businesses that operate in multiple currencies at this time. It's something we're looking to improve in the future, but I don't have specifics to offer for the time being.

I hope this helps!