Transfers and Currencies
Can I have a transfer between accounts with different currencies (exchange rate)?
Can I have a transfer between accounts with different currencies (exchange rate)?
Yes, you can make transfers between accounts with different currencies. The system automatically applies the appropriate exchange rate for the transfer date:
- The outgoing transaction uses the source account’s currency and amount
- The incoming transaction is converted to the destination account’s currency using the latest available rate
- If no exchange rate is found, it falls back to a 1:1 rate, which may result in incorrect amounts until rates are synced
- Foreign exchange metadata is also recorded for auditing purposes