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Odoo Implementation
| Availability |
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Odoo.sh
On Premise
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| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 876 |
| Technical Name |
ts_currency_rate_live |
| License | LGPL-3 |
| Versions | 17.0 18.0 19.0 |
Live Currency Exchange Rate
The Live Currency Exchange Rate module for Odoo automates the tedious task of updating foreign exchange rates manually. By seamlessly integrating with trusted global providers like the European Central Bank (ECB), XE.com, and various national banks, it fetches real-time currency rates directly into your accounting system. This ensures that your invoices, bills, and financial reports are always calculated using the most accurate, up-to-date market rates, saving time and eliminating human errors.
Key Features
Automated Rate Synchronization
Set your preferred interval (Daily, Weekly, or Monthly), and the system will automatically fetch and update currency rates in the background.
Global Service Providers
Choose from a wide range of reliable and official data sources, including the European Central Bank, XE.com, and Central Banks of various countries.
Instant 'Update Now' Action
Need the latest rate right this second? Use the manual "Update Now" button to fetch real-time market rates instantly.
Pinpoint Decimal Accuracy
The module fetches exact exchange rates up to 6 decimal places, ensuring flawless financial and accounting calculations.
Smart Base Currency Handling
It intelligently keeps your company’s main (base) currency rate fixed at 1.0 and automatically adjusts all other active foreign currencies against it.
Zero Enterprise Dependency
Enjoy premium automatic currency updates directly on your Odoo Community version without needing an expensive Enterprise subscription.
FAQ
No. Once you set the interval to 'Daily', the system uses a background scheduler (Cron Job) to automatically fetch the rates every day without any manual effort.
The module is designed safely. If a provider's server is down, it suppresses the error, keeps your existing rates safe, and automatically tries again on the next scheduled run.
Not at all. The module is highly optimized. It only fetches and updates the rates for the specific currencies you have marked as "Active" in your Odoo configuration.
Yes! You can easily switch between different service providers (like ECB to XE.com) anytime from the Accounting Settings with just one click.
Release 17.0.1.0.0
22 December, 2023
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