Currency Exchange Rate Over Time

I'm a new user and I really like this application. It's perfect for my small business.

But I was wondering if there is any way to have different exchange rates over time.

We have business in dollars and in argentine pesos and over the last two years the exchange rate went from 40:1 to over 100:1 and I would like the sales and payments made in dollars over that time period to reflect the correct exchange rate for that time.

Any advice is welcomed.

Thanks

Hello,

Thank you for the feedback. If you would like that change to be made automatically you can check out the Live-Currency App as well.

https://akaunting.com/apps/live-currency

Kind Regards,
Melda

Thanks Melda,
I looked into that, but based on the documentation I couldn't tell if it would allow me to use several different exchange rates for a single currency over time.

Is that the case or it would only update the latests exchange rate?

Hello,

When you use the Live Currency App it will allow you to select an exchange site then it will exchange to the latest exchange rate. Also, you can put as many currencies as you want.

Kind Regards,
Melda

Thanks, just to clarify will it also maintain historical prices ?

Hello,

You are welcome. It will only include prices after purchase.

Kind Regards,
Melda

Thanks I appreciate the info.
It isn't what I am looking for though.
A single exchange rate isn't really useful for a depreciating currency,

Regarding your question, I think you should check out "Building a Trading Robot without Programming".

It's a sick resource for setting up automated trading strategies without needing to know how to code. They've got some dope tools for tracking historical exchange rates, and I'm pretty sure you can set it up to use
[accurate currency converter](https://fbs.com/analytics/currency) for your sales and payments in dollars and argentine pesos. The exchange rate can change like crazy, so it's definitely important to keep track of that. I hope this helps!