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1 reply

QuickBooks Team
May 21, 2026

You can manually change the exchange rate for a specific transaction on December 31, 2025, by entering it directly into the form. QuickBooks updates and saves one exchange rate per day; this rate applies to new entries rather than backdating past transactions.

 

Follow these steps to use your own exchange rate for a transaction:

 

  1. In the left menu, select + Create and choose the transaction type you want to enter.
  2. Choose the customer or supplier from the dropdown menu.
  3. Enter your desired exchange rate directly into the Rate field.
  4. Fill out the rest of the transaction details, then select Save and close.

 

If you want to apply a specific exchange rate to multiple foreign currency transactions moving forward, you can update the rate within your currency list instead. Once you save the changes, QuickBooks displays the updated rate along with the date, time, and the user who made the change.

 

Have more questions about multi-currency features? Drop a reply below, and we will be happy to help!