Understanding FX Rates in Kolleno
Kolleno supports multi-currency reporting by using official foreign exchange (FX) rates and applying them consistently across customers, invoices, and reports.
Where FX Rates Come From and How Often They Update
Kolleno pulls FX rates from the European Central Bank (ECB) and stores them in the internally.
• FX rates are fetched and cached once per day
• All FX-based calculations (for example, aging reports and summaries) use the latest available ECB rate for that day
How FX Rates Are Used in Kolleno
Kolleno applies the stored daily FX rates to:
• Convert invoice amounts into customer or reporting currency
• Build consistent, single-currency aging and portfolio views
• Ensure exports match the values shown in the UI
Original invoice currencies remain unchanged, conversion happens only for display and reporting.
Exception: When Using NetSuite Exchange Rates
If your organisation uses NetSuite and requires Kolleno to follow NetSuite-specific FX rates instead of ECB rates, refer to the following article for configuration details: