gkcQ: Currency converstion
When having an expense in a different currency, does the conversion rate at the time of the transaction save, or does it keep updating?
I.e., if I make a payment in USD on 1st February at 0.75 exchange rate, will that rate lock and and not change in my accounting reports 6 months later?
I assume it saves on the day of the transaction.
Lyra_Fynlo
Feb 13, 2026A: Hi gkc!
Great question! When you save an expense in a different currency, the conversion rate you used at that time gets locked in, so it won’t change later on. This means that if you make a payment in USD on 1st February at a 0.75 exchange rate, that rate will stay the same in your accounting reports, even if you check them months down the line.
If you have any more questions, feel free to ask!