web
You’re offline. This is a read only version of the page.
close
Skip to main content

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Currencies - Should US...
Small and medium business | Business Central, N...
Answered

Currencies - Should USD be at 1.00?

(0) ShareShare
ReportReport
Posted on by abutler1986 677

Hi,

Just setup the currencies and linked it to an exchange rate service (float rate) seems to work pretty nicely, had one question though, the main currency should be USD, so why does it show another rate next to USD, does anyone know what the defaults to?

I am probably missing something but I would expect all the currencies to be linked to what the USD --> Listed currency is, may be the case but just can't explain why the USD is not 1.00 rather than showing a different number.

Currency.JPG

  • Verified answer
    Teddy Herryanto (That NAV Guy) Profile Picture
    Teddy Herryanto (Th... 14,306 Super User 2026 Season 1 on at

    If your local currency is USD, you are not supposed to have USD in your currencies table.

    Blank is USD. You should remove the USD currency.

    You also need to check if you are using the correct feed link.

    Check this link to setup the exchange rate service using floatrates.

    thatnavguy.wordpress.com/.../

  • abutler1986 Profile Picture
    abutler1986 677 on at

    Thanks Teddy I will get the USD currency removed from the table then, I have checked my exchange rate and it is exactly the same as the link you sent - apart from the inverse rate, can you explain exactly what this means?

  • Suggested answer
    keoma Profile Picture
    keoma 32,729 on at

    the inverse rate is the opposit of the exchange rate.

  • abutler1986 Profile Picture
    abutler1986 677 on at

    Thanks Franz, would you say it is / should be standard practice to have this in set?

  • abutler1986 Profile Picture
    abutler1986 677 on at

    Also, is there a way of having the exchange rate service across all companies or do I need to setup this up in each company? I was expecting to create it in one same for the full list of currencies and it map across them all

  • abutler1986 Profile Picture
    abutler1986 677 on at

    When I go to create a new Purchase Invoice it seems to want me to add a currency in, how do I get around this if I delete USD from the currency table?

  • abutler1986 Profile Picture
    abutler1986 677 on at

    1513.Error1.JPG

  • Verified answer
    keoma Profile Picture
    keoma 32,729 on at

    afaik it's per company. but that's no big point, because there is a exchange rate service connected to the currency list, which updates the list (needs setup).

    an inverse rate is only needed, if there is no exchange rate available.

  • Verified answer
    Teddy Herryanto (That NAV Guy) Profile Picture
    Teddy Herryanto (Th... 14,306 Super User 2026 Season 1 on at

    You need to set it up per company. Each company can have different local currency, so it makes sense to setup per company. Once setup, you can just leave it because it will automatically feed from the website.

    Try checking for General Ledger Setup - Invoice Rounding Precision. All local currency setup is in the General Ledger Setup.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Season of Sharing Community Challenge Winners!

Congratulations to our community stars!

Women in Power Builds Momentum

Expanding mentorship, skilling, and AI innovation

Congratulations to the August Top 10 Community Leaders

These are the community rock stars!

Leaderboard > Small and medium business | Business Central, NAV, RMS

#1
OussamaSabbouh Profile Picture

OussamaSabbouh 796 Super User 2026 Season 2

#2
YUN ZHU Profile Picture

YUN ZHU 481 Super User 2026 Season 2

#3
AndrewThomas81 Profile Picture

AndrewThomas81 377 Super User 2026 Season 2

Last 30 days Overall leaderboard

Featured topics

Microsoft Training Manuals

Product updates

Dynamics 365 release plans