Is there a way to manage the exchange rate for a foreign currency for multiple days?
Quickbooks Desktop allowed the option for entering a different exchange rate over multiple days. QBO seems to only allow the entry for the current day or in the specific transaction. Is it possible to enter multiple days' rates at one time?
You can keep track of your transactions in foreign currency in QuickBooks Online. To do this, let us make sure that Multicurrency is turned on to add an exchange rate.
When you add a new currency with a new customer or vendor and then add a transaction (such as an invoice or bill) at the same time, no exchange rate is immediately available. Manually add an exchange rate to complete the transaction.
To change the currency when adding a new transaction, here’s how.
Create an invoice or bill.
Under Customer or vendor name field, select the Currency field.
Enter the exchange rate to use for the new currency.
Select Use for this transaction only or Use for all new transactions in (currency) for (date).
Complete the transaction and select Save.
Let me leave to you these articles to learn more about multicurrency:
As additional option, explore this 3rd party payment service to deal with multi-currency transactions. You may release invoices and get paid in your local currency, and your customers will pay in their local currency.