# What happened to foreign exchange rate? **URL:** https://forum.manager.io/t/what-happened-to-foreign-exchange-rate/53672 **Category:** Uncategorized **Created:** [May 20, 2024, 6:13am UTC](https://forum.manager.io/t/what-happened-to-foreign-exchange-rate/53672 "2024-05-20T06:13:12Z") **Posts on this page:** 4 **Page:** 1
### Author: ![Aryan\_Mohammed](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/aryan_mohammed/32/49691_2.png) [@Aryan\_Mohammed](https://forum.manager.io/u/Aryan_Mohammed) #### Post date: [May 20, 2024, 6:13am UTC](https://forum.manager.io/t/what-happened-to-foreign-exchange-rate/53672/1 "2024-05-20T06:13:12Z")
Previously we could select a base currency on the foreign currency itself and it showed it is effect on all other cash&bank related accounts. ![Foreign exchange old](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/3/b/3b7edb18b5f2f1e2770d9d32b8ac4a2b25b7fc34.png) but now we have to add an exchange rate which is not convenient and doesn’t have the same breakdown of cash as before. ![Erate](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/2/f/2f971f0dfd23d01958b79d0eda0fa7c0ff217433.png) ![Foreign exchange new](https://us1.discourse-cdn.com/flex019/uploads/manager1/original/3X/b/5/b54bcfcaa635b81f89dba64fea306a4bc123b445.png) We prefer the old one to continue using manager, is there a way to revert back ? (we are using cloud version) ---
### Author: ![Rami\_Gomaa](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/rami_gomaa/32/27829_2.png) [@Rami\_Gomaa](https://forum.manager.io/u/Rami_Gomaa) #### Post date: [May 20, 2024, 7:08am UTC](https://forum.manager.io/t/what-happened-to-foreign-exchange-rate/53672/2 "2024-05-20T07:08:34Z")
we have the same huge problem and that will cause many problem to us, the [foreign exchange] before that update on 16/5/2024 is more efficient and clear to the accounting roles, please we need this problem to solve ASAP ---
### Author: ![lubos](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.manager.io/lubos/32/62798_2.png) [@lubos](https://forum.manager.io/u/lubos) #### Post date: [May 20, 2024, 7:33am UTC](https://forum.manager.io/t/what-happened-to-foreign-exchange-rate/53672/4 "2024-05-20T07:33:52Z")
All “starting balance” fields and that includes “starting exchange rate” field have been removed from the program. The issue was that these fields were meant to be filled in only once, at the beginning. Not continuously being updated. Continuously updating starting exchange rates would change figures on your historical reports which is bad. The correct way was always to enter exchange rates individually for various dates so the historical reports are using the correct exchange rates at the time. ---
### Author: ![eko](https://avatars.discourse-cdn.com/v4/letter/e/a8b319/32.png) [@eko](https://forum.manager.io/u/eko) #### Post date: [November 20, 2024, 8:54am UTC](https://forum.manager.io/t/what-happened-to-foreign-exchange-rate/53672/6 "2024-11-20T08:54:13Z")