Automatically Update Currency Exchange Rates - Dynamics 365 Business Central Insights

Dynamics 365 Business Central

Automating exchange rate updates in Dynamics 365 Business Central requires setting up a Currency Exchange Rate Service with an external data feed.
www.floatrates.com is a popular option for exchange rate data feed as it supports a wide range of currencies and is available at no cost.
Setting up a new Currency Exchange Rate Service involves populating fields like Code, Description, and Service URL with the appropriate information.
Custom transformation rules may be needed to convert dates in the data feed to a format the system can understand.
After setting up the Exchange Rate Service, it can be enabled to automatically download rates daily.
Monitoring the Exchange Rate Date field on the Currencies Page can help confirm if the service is working correctly.
Checking Codeunit 1281 in the Job Queue Entries Page can provide information on the status of the Job Queue and any potential errors.
For more Dynamics 365 Business Central help, users can contact the author of the article.

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