Hello QB team,
I would like to find out if it is possible to update foreign currency exchange rates in batches or link QB to a different source such as xe.com or ECB?
I appreciate, that there is an explanation on how to update fx rate for a particular day, however when dealing with thousands of transactions over many days, faster way is needed. Even an app would be acceptable if we could change multiple fx rates at once.
I’m determined to provide you some information that could help you achieve this, @Marius Jakas.
Updating foreign currency exchange rates in batches really a time saver. I appreciate you for reaching out to us for help.
As of the moment, we can only change the rate under Currencies and to a transaction manually. QuickBooks Online lets you use recent exchange rates. However, you’re unable to change it unless the rate is to be used for an entire day. This to ensure the calculation of the system remains accurate and updated.
Here are the two ways to enter an exchange rate. Let me show you how:
When adding currency to transactions, there’s no exchange rate available immediately. You’ll have to enter it by hand to complete them. Here’s how:
Since doing it by bulk is currently unavailable, you can visit our Apps center to look for this tool. Our available apps found on the website are guaranteed compatible with QuickBooks.
Otherwise, you can contact the xe.com or ECB providers if you’d like to connect QB to them. They can assist you further with the linking process.
Please let me know if there’s anything else I can help you with aside from changing exchange rates. I’ll be here to assist further. Take care.
I have the same issue, I need to use the ECB exchange rates.
I would endorse developing the option for being able to use other currency exchange providers than the default. In Europe, ECB would be the standard to use not the Wall Street data.