The exchange rate is specified while adding multiple currencies. Each record will have the Zoho defined field named Exchange Rate with the conversion value based on the record currency. This is added to keep a note of the rate of conversion at the time of record creation. When the multi-currency feature is activated, the home currency will be set as the record currency for all the existing records. As a result, the exchange rates for the existing records will be set as 1.
Note: Changing the exchange rates will not affect the existing records.
To change the currency exchange rate:
- Click Setup > Organization Settings > Currencies.
- Click on the currency for which you want to change the exchange rate.
- In the Edit Currency pop-up box, modify the Exchange Rate for the currency.
- Click Save.