In QuickBooks multi currency function is there a historic exchange rate fixed for US $ to Cdn $ for business EACH day ? I have transactions back to 1 Jan/22 to post and if I use actual transaction date will the correct coversion rate US$ to Cdn $ be

Hi Mrtiny,

Thanks for reaching out here.  Welcome!  QuickBooks Online Multicurrency feature has everything you need to record your transactions with confidence.  I'll be happy to provide more information so you can reach your QuickBooks goals with peace of mind!

With multicurrency, there's two options available, whether you'd like to use your own rate when you enter a transaction or if you want to use your own rate for multiple transactions.  Here's a helpful guide for your reference, to enter and use your own exchange rates.  In addition, this article will provide more information about Multicurrency in QuickBooks Online.

Feel free to reach back out if you have any other questions.  We'd be glad to help!