What is the source of exchange rates in Quick Book Online ? And is the source the same for Quick Books online across different countries ?
I am not sure company will reveal that info at the moment. If you deal with any multi currency transactions,you may have 2 options to get a better rate and lower fee.
1. Utilize a 3rd party payment service.
https:// veem.grsm.io/veems
2. Open a multi currency business account at TW as the virtual bank and utilize the bank feeds.
What is the source of exchange rates in Quick Book Online ? And is the source the same for Quick Books online across different countries ?
Welcome and thanks for posting in the Community, @everynet.
In QuickBooks Online (QBO), exchange rates are recorded as the number of Home currency units it takes to equal 1 Foreign currency unit. The Foreign unit is always 1 unit, and the exchange rate is always calculated as the number of Home currency units that equal 1 Foreign currency unit. This will also apply to different countries.
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