Exchange rate for accounts
If your accounting system requires a fixed exchange rate each month and your own organisation or donor does not indicate the exchange rate to use, consider one of the following options:
- Use the rate you obtained in the last exchange of the month.
- Use an average or weighted average of all exchanges you made during the month. This will be easier if you keep a separate record for all currency exchanges, listing the date, source, amounts exchanged and exchange rate.
- Use a published exchange rate from the press or an organisation such as the UN Treasury for the last day of the month.