CODEWITHSUNDEEP
odoo
pmatos
pmatos

Reputation: 296

Openerp - How to change base currency for exchange rates

OpenERP uses EUR as the base currency for exchange rates.

Does anyone knows how can I change that to another currency as the base currency for exchange rates?

What I need to do is to have my default currency exchange rate based on USD and not on EUR.

Thank you in advance

Paulo Matos

Upvotes: 2

Views: 4943

Answers (4)

user3047619
user3047619

Reputation: 1

I have a workaround to a similar issue.

  1. Delete USD currency (if any in system) from Accounting=> Miscellaneouse=> Currencies.
  2. Modify EUR to USD and replace euro symbol by $

I am using OpenErp V7.

Upvotes: 0

thatguynz
thatguynz

Reputation: 1

pmatos,

I had the same issue as you but I made it work by doing the following:

  1. Set your base currency for your company as whatever you want it to be and then enable multi-currency support
  2. Edit the exchange rate for your default currency and set it to "1".
  3. Edit the exchange rate for any other currencies that you may be trading with, relative to your own currency.

Once this has been done, there should be no relationship back to Euro or any other currency that you don't need or want.

Cheers.

Upvotes: 0

Scientist1642
Scientist1642

Reputation: 1212

I suppose what you see as a currency exchange rates are default rates which comes with openERP 7 installation. Even if you change a default currency to another, they are not updated. If you want an updated currency list based on your currency try using "Currency Rate Update" module. Also this article might help http://www.serpentcs.com/serpentcs-currency-operations-in-openerp-7

Upvotes: 1

Bhavesh Odedra
Bhavesh Odedra

Reputation: 11143

for base currency change Setting => Configuration => Accounting => Options => Default company currency this will default for the base company.

In additionally, if you would like to change multiple currency than Setting => Configuration => Accounting => Features => Allow multi currencies make it True. This will add Currency field in Invoice, you can change directly from their.

Hope this will help you.

Upvotes: 1

Related Questions