If you want to convert price list item prices in your home currency using a specific foreign exchange rate, you need to set up exchange rates for pricing.
If no pricing exchange rate is specified, item prices will not be converted after loading a foreign currency into the document.
The exchange rate is not updated automatically in any way. You need to enter it manually and update it as needed (or create a new one with the relevant date).
Why the daily exchange rate isn't used
The pricing exchange rate is a separate list that has no connection to the daily exchange rate downloaded from the Czech National Bank (ČNB). The daily rate changes every day, and sales prices for foreign customers would change along with it. A custom pricing exchange rate therefore lets you keep the same price in a foreign currency throughout a given period, for example a whole month.
You always enter the exchange rate as a ratio to the domestic currency, i.e., how many crowns correspond to one unit of the foreign currency. If you enter the ratio the other way around, the resulting price will not be what you expect.
💡 Choose a pricing exchange rate that is more favorable to you than the current daily rate. If it is less favorable, the amount in crowns that you actually invoice after conversion using the daily rate will be lower than the price list amount, and the difference will be a loss for you.
If you sell an item for CZK 1,000 and set the pricing exchange rate to CZK 25 per euro, the document in euros will show EUR 40. This EUR 40 amount will be converted into the crown column of the document using the document's daily exchange rate. If the daily rate is lower, the result in crowns will be lower than the original one thousand.
Where to set the exchange rate
You can find pricing exchange rates either in the overview of all agendas, or by searching for keywords.
Use the New button to create a new pricing exchange rate.
If a rate is no longer current for you, there's no need to delete it. Simply create a new one valid from a more recent date. The most recent rate valid as of the document date will always be used.
You can find a detailed description of the individual form fields in the description of this register.
ℹ️ The pricing exchange rate does not apply where an item has an individual price specified directly in a foreign currency. That price has higher priority and bypasses the conversion.