| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 393 |
| Technical Name |
trdo_account_currency_rate |
| License | OPL-1 |
| Website | https://www.truodo.com |
| Versions | 17.0 18.0 19.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 393 |
| Technical Name |
trdo_account_currency_rate |
| License | OPL-1 |
| Website | https://www.truodo.com |
| Versions | 17.0 18.0 19.0 |
Standard Odoo Accounting -- What's Missing
- No live currency rate display on journal entries
- No one-click refresh to update the rate to invoice date
- Accountants must manually look up exchange rates
- No access control to restrict multi-currency features
- Currency rate not visible at a glance on the entry form
- Error-prone manual rate entry with no date-based refresh
What This Module Solves
- Live currency rate shown directly on journal entry form
- One-click refresh to update rate to the invoice date
- Displays both forward and inverse exchange rates
- Dedicated security group for Multi Currencies access
- Fully integrated with Odoo Accounting journal entries
- Accurate and instant rate updates without manual lookup
In standard Odoo Accounting, when accountants create journal entries involving foreign currencies, there is no built-in way to see the current exchange rate directly on the entry form. Users are required to manually look up the rate and enter it, which is time-consuming and prone to error.
Account Currency Rate solves this by displaying the live exchange rate — both the forward rate (e.g. 1 USD = 4.512534 AED) and the inverse rate (e.g. 1 AED = 0.221605 USD) — directly on the journal entry form beside the selected journal currency.
A dedicated Refresh button is available on the form, allowing accountants to instantly update the currency rate to match the invoice or accounting date. Clicking the button opens a date picker so the user can select the exact date for which the rate should be fetched.
The module also introduces a dedicated Multi Currencies security group under Extra Rights, allowing administrators to control which users have access to the multi-currency features within Odoo Accounting.
This module is ideal for any business operating with multiple currencies — including importers, exporters, multinational companies, and firms working with clients or vendors in different countries.
Live Rate Display
Both forward and inverse exchange rates are shown directly on the journal entry form.
One-Click Rate Refresh
Refresh the currency rate to the invoice date instantly with a single click.
Date-Based Rate Fetch
Pick a specific date to fetch the accurate exchange rate for that accounting period.
Inverse Rate Shown
Displays both the direct and inverse currency conversion rates for full clarity.
Security Group Control
A dedicated Multi Currencies group controls access to the currency rate features.
Admin Controlled
Administrators assign the Multi Currencies group to users from backend settings.
Import & Export Firms
Businesses dealing in foreign currencies need accurate rates on every journal entry.
Multinational Companies
Companies with entities across countries require date-specific exchange rate tracking.
Accounting & Finance Teams
Accountants benefit from instant rate visibility and refresh without leaving the entry form.
Assign Security Group
Add users to the Multi Currencies group under Extra Rights in Settings.
Open Journal Entry
Create or open a journal entry in Odoo Accounting with a foreign currency journal.
View Live Rate
The current exchange rate is displayed instantly beside the journal currency field.
Refresh by Date
Click the Refresh button, pick the invoice date, and the rate updates instantly.
Built for Odoo Accounting & Multi-Currency Operations
Fully compatible with Odoo 18 Accounting journal entries and multi-currency workflows. Lightweight implementation with live rate display and instant date-based refresh.
Built by Odoo Experts.
Trusted by Businesses.
Dedicated Support
We stand behind every product we ship, responsive support when you need it most. ✦10-hour free trial included
Industry-Specific Expertise
Deep knowledge across manufacturing, retail, services, healthcare, and more — we don't apply generic ERP templates, we tailor solutions to your sector.
Fast & Phased Implementation
Our agile delivery model gets your core ERP live quickly, then scales with your needs — reducing risk and accelerating ROI.
Email us
sales@truodo.com
+91 94277 77755
https://www.linkedin.com/company/truodo-solutions
FAQ
Everything worth knowing before you install. Still unsure about something specific?
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Assign Multi Currencies Security Group
Go to Settings → Users & Companies → Groups and open the Extra Rights / Multi Currencies group. Add the required users under the Users tab and save.
Settings → Groups → Extra Rights / Multi Currencies → Add Users
Live Currency Rate Displayed on Journal Entry
Open or create a journal entry in Accounting → Journal Entries. When a foreign currency journal is selected, the current exchange rate is displayed automatically — both the forward rate (e.g. 1 USD = 4.512534 AED) and the inverse rate (e.g. 1 AED = 0.221605 USD) are shown directly on the form.
Journal Entry → Live exchange rate shown beside the journal currency
Refresh Currency Rate by Invoice Date
Click the Refresh icon button on the journal entry form. A tooltip reads "Refresh currency rate to the invoice date". A date picker appears — select the desired date and the exchange rate updates instantly to match the rate for that date.
Refresh button → Date picker → Rate updates to selected date
Select Date from Date Picker
After clicking the Refresh button, a date picker calendar appears on the journal entry form. Select the specific invoice or accounting date for which you want to fetch the exchange rate. The rate will be updated to match the rate recorded for that selected date.
Date picker → Select invoice date → Rate refreshes to that date
Post Journal Entry with Accurate Rate
Once the rate is verified or refreshed, click Post to confirm the journal entry. The entry is posted with the correct exchange rate applied, and the currency rate remains visible on the posted entry for reference.
Journal Entry posted with accurate currency rate applied and displayed
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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