Many businesses trade in different currencies. The Foreign Trader option makes this easy.

You can set and amend your exchange rate settings as part of this. Let's take a look.

 NOTE: Foreign Trader is available as standard in Sage 50 Accounts Professional and Client Manager. In other variants of Sage 50 Accounts, it's available as an add-on. 

The following exchange rates options are available:

• Always prompt to save exchange rate changes - Choose whether or not to update the currency settings with the new exchange rate
  
  
• Automatically save any exchange rate changes to currency record - This automatically updates the currency settings without asking
  
  
• Never save any exchange rate changes - No automatic updates to currency settings are made.  The settings must be amended manually. When you enter an exchange rate, this option doesn't save the exchange rate to the currency record. To set your exchange rates manually, click Settings then click Currencies.

NOTE: If these settings need to be checked or amended after the Foreign Trader Setup wizard has been run, you can do this in Settings, click Invoice & Order Defaults, then open the General tab and click Currency Exchange Rates.