Run a Currency Revaluation

Last updated: 2026-07-09 Summary:

• Revaluation restates your foreign-currency balances at the exchange rate on a date you choose, and books the difference as an unrealized FX gain or loss.
• You always preview the exact journal entry first — nothing posts until you confirm.
• If you post one in error, you can reverse it. Revaluation is a multi-currency feature; see Multi-currency for the model behind it.

Before you start, make sure the accounting period you’re revaluing is open and that exchange rates for the as-of date are set (Multi-Currency → Exchange Rates).

Preview and post

1. Go to Multi-Currency → Revaluation (/currency/revaluation). This page lists revaluations you’ve already posted. Click Run Revaluation.
2. Pick the As-of Date — the date whose exchange rates will be used to restate balances. It defaults to the end of the current month. (If a revaluation already ran for that month, eKapital warns you.) Click Generate Preview.
3. Review the preview. It shows the net unrealized gain / loss and a table with each foreign-currency account: its Foreign Balance, current Book Value, the Current Rate, the Revalued Amount, and the resulting Gain / Loss.
4. Expand Proposed journal entry to see exactly what will post: one entry dated the as-of date, one line per foreign-currency account, with the net closing to an Unrealized FX Gain or Unrealized FX Loss account. Nothing is on the ledger yet — this is a dry run. Use Change date to go back.
5. Click Post Revaluation and confirm. The journal entry posts and you’re returned to the history list with the new revaluation highlighted.

Reverse a revaluation

On the revaluation history table, use the Reverse action on the row you want to undo. eKapital posts a reversing journal entry into the current open period, backing out the revaluation’s effect.

Where people get tripped up

• “Cannot run revaluation.” Revaluation needs an open accounting period. If the period is closed (or there’s no open period), you’ll see this alert — reopen or move to an open period first. See Close an accounting period.
• Nothing to revalue. Revaluation only touches balances held in a foreign currency. If all your balances are in your home currency, the preview will be empty.
• Rates not set. The revalued amounts use the exchange rate for the as-of date. If that rate is missing, set it under Exchange Rates before generating the preview.
• “Unrealized,” on purpose. This gain or loss reflects rates at a point in time and doesn’t touch cash. It’s the standard period-end restatement, not a realized gain from settling a foreign balance.

See also

• Multi-currency
• Close an accounting period