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title: "Paying a Supplier in a Foreign Currency"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31101487/Paying%20a%20Supplier%20in%20a%20Foreign%20Currency"
format: markdown
---
On the ' Payment Selection ' screen, there is a field named - ' Currency ' . Leave this blank to select all currencies. Enter local currency to select only local suppliers. Suppliers with a blank currency code are deemed to be local suppliers.  The payment selection report displays the local currency at the end of the invoice line being printed so it is clear that it is only the local currency within the report and not necessarily the currency being used within the payment transaction.  The cheque and direct credit payment programs allow for foreign currency payments to be re-valued to the exchange rate applicable to the payment date. Select 'yes' to 'Currency Revaluation' to revalue invoices to today's exchange rates.  Direct Credits works in a similar fashion. Invoices with a fixed exchange rate will be excluded from revaluation. Variations in exchange rates will be posted to the exchange rate gains/losses account in the general ledger.