Currency Exchange Rates

After you have created currency records in NetSuite and defined a base currency, you need to set up exchange rates between the base currency and foreign currencies to apply to transactions. If you use NetSuite OneWorld and defined a different base currency per subsidiary, set up different exchange rates between each base currency and its foreign currencies. Exchange rates for a base currency apply to all subsidiaries that use the same base currency.

Currency exchange rates are used to convert foreign currencies to base currencies, providing default rates for transactions in currencies other than the base currency. Exchange rates are expressed in terms of base currency units per foreign currency (source) unit.

Exchange rates are stored in the Currency Exchange Rates list page at Lists > Accounting > Currency Exchange Rates. For information about this page, see Currency Exchange Rates List Page.

You can update to exchange rates four ways.

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General Notices