Options

Balance sheet shows wrong conversion rate

Diogo_RodriguesDiogo_Rodrigues Member Posts: 1

Hi Wave Help Team,
I live in the UAE and the local currency AED is pegged to the dollar at 1USD = 3.67AED. I have accounts in USD and AED. When I do my Balance Sheet for Dec 31st 2019 in USD it converts the local currency at a rate of 2.89 which is very far from 3.67. What should I do? When I go to XE.com I still see that at that date the conversion was still 3.67 so there's something not right with the conversion at that date.

Thanks for your help!

Kind regards,

Diogo

Comments

  • Options
    Kristian_GKristian_G Member Posts: 56 admin

    Hey @Diogo_Rodrigues,

    Would you be able to post a screenshot of some examples of the discrepancies you're seeing between USD and AED on your balance sheet? This will help me get a better idea of what the issue might be, as well as provide me with something that I can present to some of my colleagues to investigate if need be too.

Sign In or Register to comment.