Hello mangojuice,

The current balances you're seeing, are based on the rate of the currency at the time the transaction was entered.  When you revalue currencies, QuickBooks updates the local currency information for foreign currency assets and liabilities based on the latest exchange rate information.  By revaluing the currency, you'll be able to proceed with reconciling your accounts seamlessly.

Should you require additional assistance, please don't hesitate to contact our Customer Care team at 1-855-253-1536 from Monday to Friday between the hours of 9 AM and 8 PM EST. Your time is valuable, and they would enjoy the opportunity to work with you in real-time, and ensure you're able to complete your QuickBooks goals without delay!

Feel free to reach back out, with any other questions.  We would be happy to help!