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Linhphamtr
Level 1

Home Currency Ending Balance

We have an USD Bank account and we reconcile the bank every month. The ending balance in Usd always matches with the bank statement. However, when it’s converted to CAD- the home currency, it ends up with way much higher. The exchange rate is not approx 1.3, it’s around 2. I checked the transactions and its exchange rate, nothing weird. But I couldn’t understand why my US bank balance is so much higher in CAD. I tried to look into this and they have something call Home currency reevaluate. Please help! 

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