QB Issue Resolution:

Home currency is the Canadian dollar (CAD)
Foreign currency is the US dollar (USD)
Exchange rate is 1.00847
The foreign currency is always 1 unit, so the exchange rate is how many
CAD equals 1 USD.

Exchange rate = 1.00847

1 = 1.00847
USD CAD
(Foreign) (Home)

Details
Answer ID 6851
Categories Using This Product
Date Created 03/25/2015 07:03 PM
Date Updated 03/25/2015 07:17 PM
Allow Crawling? Yes

Resolution for Issue 'What does the exchange rate mean?' available: Yes (Solved).
Source: Intuit Community forum.

What does the exchange rate mean?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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