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purchasesalesaccounting
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Hamidou Oumarou

how to manage it with odoo : 

DIGICOM LEC operates a foreign currency trading service, enabling clients to buy and sell international currencies such as the Euro (EUR), the US Dollar (USD), and the Central African Franc (XAF/FCFA). The company facilitates real-time cash currency exchange for individuals, businesses, and financial agents.

Our services include:

  • Buying foreign currencies (e.g., buying EUR in exchange for FCFA at a defined rate)
  • Selling foreign currencies (e.g., selling USD or EUR for FCFA)
  • Real-time stock tracking of each currency unit as an inventory item
  • Automated accounting and reporting using the Odoo ERP system
  • Manual cost valuation to reflect exchange rate fluctuations
  • Internal currency stock movements across country-specific locations
  • Secure and compliant operations aligned with financial regulations

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Cybrosys Techno Solutions Pvt.Ltd
Best Answer

Hi,


In Odoo, we can manage multiple currencies.

Try to refer to the following blogs for getting more about multi currency managing in odoo.


*  https://www.cybrosys.com/blog/how-to-manage-multi-currency-and-currency-rates-in-odoo-18-accounting#:~:text=It's%20possible%20to%20manage%20other,create%20and%20manage%20different%20currencies.


* https://www.odoo.com/documentation/18.0/applications/finance/accounting/get_started/multi_currency.html#:~:text=Currency%20rates&text=To%20manually%20create%20and%20set,to%20create%20a%20new%20rate.


* https://www.odoo.com/documentation/18.0/applications/sales/sales/products_prices/prices/currencies.html


* https://www.youtube.com/watch?v=rwj7aXUQ60I


Hope it helps

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