Thanks for following this thread, Mohamed Fawaz.
As mentioned by my peer, the Currency & Exchange Rates list is updated to display the new currency with the most recent rate from Markit. That’s why QuickBooks Online uses 7 decimals. Click here for more details.
I recognize the importance of adding more than seven decimal points to the exchange rate. I recommend sending feedback on adding this feature for consideration in future enhancements.
Ideas like this will help us identify the feature our customers need the most. Let’s log in to your company to submit your feedback.
- Go to the Gear icon at the top and choose Feedback under Profile.
- Type the information of how you wish the program to works.
- Then, click the Next button.
I’m adding an article that will guide you on how to enter your exchange rates so you can use them for foreign currency transactions: Exchange rates.
Don’t hesitate to post a comment below if you still need help with QBO. Please know the Community and I are here to assist further.
