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Why doesn't my foreign bank account agree to the exchange rate?

Modified on: Wed, 28 Jan, 2026 at 2:19 PM

Why doesn’t my foreign bank account agree to the exchange rate

Foreign currency bank accounts in iplicit may not match the exchange rate you expect because each transaction can use its own exchange rate. iplicit allows full flexibility, meaning invoices, receipts, payments, and journals can all be entered using different rates.

This means the balance of the bank account is a mixture of multiple exchange rates, not a single one — so it won’t automatically align with today’s rate or any specific rate you have in mind.

How do I bring the account back in line with one exchange rate

To standardise the valuation:

Perform an FX Revaluation on the bank account
This revalues all outstanding foreign currency documents using one consistent exchange rate

This is the correct method for aligning the account balance with a single rate.

For detailed steps, please refer to the FX Revaluation help file. If you need further assistance, you can log a support ticket via the customer portal.

FX Revaluations | iplicit