{"id":6159,"date":"2023-04-02T07:49:46","date_gmt":"2023-04-02T07:49:46","guid":{"rendered":"https:\/\/docs.daftra.com\/user_manual\/%d8%a7%d9%85%d9%83%d8%a7%d9%86%d9%8a%d9%87-%d8%aa%d8%ba%d9%8a%d9%8a%d8%b1-%d8%b3%d8%b9%d8%b1-%d8%a7%d9%84%d8%b5%d8%b1%d9%81\/"},"modified":"2025-01-29T08:56:52","modified_gmt":"2025-01-29T08:56:52","slug":"change-exchange-rate","status":"publish","type":"user_manual","link":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/","title":{"rendered":"Changing the currency exchange rate"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n

The system allows you to specify the currency rate, determined from a specific date along with the specified conversion rate.<\/h5>\n

In the following steps, we will explain how to set the currency rate for a currency like ‘USD’<\/strong> in the system:<\/p>\n

    \n
  1. Click on ‘Settings’<\/strong> from the main menu.<\/li>\n
  2. Click on ‘Account Settings<\/strong>.’<\/li>\n<\/ol>\n

    On the account settings page, you will find the option ‘Currency Rates<\/strong>.’ Click on it, as shown in the image:<\/p>\n

    \"\"<\/p>\n

    After clicking on ‘Currency Rates<\/strong>,’ you will be redirected to the currency page to specify the currency and its exchange rate.<\/p>\n

      \n
    1. Click on ‘Add Currency Rate<\/strong>.’<\/li>\n
    2. Choose the currency you want to convert from in the ‘From Currency’<\/strong> field.<\/li>\n
    3. Select the currency you want to convert to in the ‘To Currency<\/strong>‘ field.<\/li>\n
    4. Specify the start date for using this exchange rate in the ‘Start Date<\/strong>‘ field.<\/li>\n
    5. In the last field, set the exchange rate you want to use for transactions in the system.<\/li>\n<\/ol>\n

      Example: If you want to convert from ‘Dollar’<\/strong> to ‘Saudi Riyal<\/strong>,’ select ‘Dollar’<\/strong> in the ‘From Currency<\/strong>‘ field, then select ‘Saudi Riyal<\/strong>‘ in the ‘To Currency<\/strong>‘ field. Specify the start date for using this exchange rate, and finally, change the exchange rate in the last field, ‘1 USD Equals<\/strong>:’<\/p>\n

       <\/p>\n

      \"\"<\/a><\/p>\n

      All transactions conducted with the selected currency in the future will be based on the exchange rate specified in these settings until it is updated, or a new rate is added with a different date.<\/p>\n

      Example: If a new exchange rate is added for the same currency, it will be used starting from the specified date, as shown in the image.<\/p>\n

       <\/p>\n

      \"\"<\/a>[\/vc_column_text][vc_message message_box_style=”3d” message_box_color=”alert-warning”]<\/p>\n

      Please note that manually updating the currency rate may affect the rate in previous financial transactions.<\/p><\/blockquote>\n

      [\/vc_message][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"author":17,"template":"","categories":[2118,2149,2036,2155,2109,2188,2108,2196,2119,2121,2116],"tags":[4268,4267],"class_list":["post-6159","user_manual","type-user_manual","status-publish","hentry","category-finance","category-invoices-and-estimates","category-sales","category-sales-invoice","category-general-accounting","category-purchases","category-accounting","category-purchase-invoices","category-expenses","category-incomes","category-journal-entries","tag-change-currency-rate","tag-currency-rate"],"yoast_head":"\nChanging the currency exchange rate - Daftra Knowledge Base<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changing the currency exchange rate - Daftra Knowledge Base\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text] The system allows you to specify the currency rate, determined from a specific date along with the specified conversion rate. In the following steps, we will explain how to set the currency rate for a currency like ‘USD’ in the system: Click on ‘Settings’ from the main menu. Click on ‘Account Settings.’ On the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/\" \/>\n<meta property=\"og:site_name\" content=\"Daftra Knowledge Base\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-29T08:56:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/docs.daftra.com\/wp-content\/uploads\/2023\/04\/2134.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/docs.daftra.com\/#website\",\"url\":\"https:\/\/docs.daftra.com\/\",\"name\":\"Daftra Knowledge Base\",\"description\":\"Daftra\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/docs.daftra.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/docs.daftra.com\/wp-content\/uploads\/2023\/04\/2134.png\",\"contentUrl\":\"https:\/\/docs.daftra.com\/wp-content\/uploads\/2023\/04\/2134.png\",\"width\":1366,\"height\":593},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#webpage\",\"url\":\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/\",\"name\":\"Changing the currency exchange rate - Daftra Knowledge Base\",\"isPartOf\":{\"@id\":\"https:\/\/docs.daftra.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#primaryimage\"},\"datePublished\":\"2023-04-02T07:49:46+00:00\",\"dateModified\":\"2025-01-29T08:56:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/docs.daftra.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Changing the currency exchange rate\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Changing the currency exchange rate - Daftra Knowledge Base","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/","og_locale":"en_US","og_type":"article","og_title":"Changing the currency exchange rate - Daftra Knowledge Base","og_description":"[vc_row][vc_column][vc_column_text] The system allows you to specify the currency rate, determined from a specific date along with the specified conversion rate. In the following steps, we will explain how to set the currency rate for a currency like ‘USD’ in the system: Click on ‘Settings’ from the main menu. Click on ‘Account Settings.’ On the […]","og_url":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/","og_site_name":"Daftra Knowledge Base","article_modified_time":"2025-01-29T08:56:52+00:00","og_image":[{"url":"https:\/\/docs.daftra.com\/wp-content\/uploads\/2023\/04\/2134.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/docs.daftra.com\/#website","url":"https:\/\/docs.daftra.com\/","name":"Daftra Knowledge Base","description":"Daftra","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/docs.daftra.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#primaryimage","inLanguage":"en-US","url":"https:\/\/docs.daftra.com\/wp-content\/uploads\/2023\/04\/2134.png","contentUrl":"https:\/\/docs.daftra.com\/wp-content\/uploads\/2023\/04\/2134.png","width":1366,"height":593},{"@type":"WebPage","@id":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#webpage","url":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/","name":"Changing the currency exchange rate - Daftra Knowledge Base","isPartOf":{"@id":"https:\/\/docs.daftra.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#primaryimage"},"datePublished":"2023-04-02T07:49:46+00:00","dateModified":"2025-01-29T08:56:52+00:00","breadcrumb":{"@id":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/docs.daftra.com\/en\/user_manual\/change-exchange-rate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/docs.daftra.com\/en\/"},{"@type":"ListItem","position":2,"name":"Changing the currency exchange rate"}]}]}},"_links":{"self":[{"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/user_manual\/6159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/user_manual"}],"about":[{"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/types\/user_manual"}],"author":[{"embeddable":true,"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/users\/17"}],"version-history":[{"count":4,"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/user_manual\/6159\/revisions"}],"predecessor-version":[{"id":28526,"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/user_manual\/6159\/revisions\/28526"}],"wp:attachment":[{"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/media?parent=6159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/categories?post=6159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/docs.daftra.com\/en\/wp-json\/wp\/v2\/tags?post=6159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}