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Exchange gains and losses on foreign-currency balances
Period-end revaluation is not automated yet: it needs a rate policy (which closing rate, which accounts) agreed with your CA. Until then, record an exchange difference as a journal to “Exchange Gain or Loss”. Documents in a foreign currency already post at their own exchange rate.
| Currency | Name | Rate |
|---|---|---|
| USD | US Dollar | 83.50 |
| EUR | Euro | 90.75 |
| GBP | British Pound | 105.20 |
| AED | UAE Dirham | 22.73 |
| SGD | Singapore Dollar | 62.15 |
| JPY | Japanese Yen | 0.54 |
| AUD | Australian Dollar | 54.30 |
| CAD | Canadian Dollar | 61.80 |