> For the complete documentation index, see [llms.txt](https://docs.simpleaccounts.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.simpleaccounts.io/product-guides/master/currency-rate/update-the-exchange-rate-of-a-currency.md).

# Update the exchange rate of a currency

To update the exchange rate: 

* Go to Master --> Currency Rate. 
* Click on Add New Currency Conversion. 
* Click on the currency you want to update the exchange rate of. 
* Change the exchange rate to the prevailing rate. 
* Click on Update.