# Currency and exchange rate on incoming invoices

> Where the currency and the exchange rate to AED of a received document come from and how to change them.

Source: /help/en/incoming-invoices/default-currency

Each incoming invoice carries a 3-letter currency code, normally `AED`, taken from the document or else your default currency.

## Where the currency comes from

| Source | Currency used |
|---|---|
| PINT AE XML | The document currency (BT-5) from the file; `AED` if the file has none |
| PDF or image read by AI | The currency read from the document; if none is found, your default currency |
| PDF or image entered by hand | Your default currency |

Your default currency is set under **Settings → Tax & currency** (AED, USD, EUR, GBP or INR).

## Change the currency of a received invoice

1. Open the invoice while it has the status **To review**.
2. Under **Header data**, pick the currency in **Currency**.
3. Click **Save details**.

On an accepted invoice the field is read-only; use **Reset to draft** first.

## Exchange rate to AED

For another currency, an exchange rate field such as **Exchange rate (AED per 1 USD)** appears next to **Currency**. The note under it says where the rate comes from:

| Note | Rate used |
|---|---|
| From the supplier's e-invoice | The rate in the supplier's XML (BTAE-04) |
| UAE Central Bank rate of (date) | The Central Bank rate for the delivery date, else the issue date |
| Typed by hand | A rate a reviewer entered |

Below it you see "VAT AED … · Total AED …", followed by "(supplier states AED …)" when the supplier's XML states different AED amounts.

While the invoice is a draft or in review you can type another rate and click **Save details**; **Use the Central Bank rate of (date)** switches back. PDFs and images read by AI get the Central Bank rate for the issue date.

## Good to know

- A missing or non-3-letter currency code in an XML is a validation error (BT-5). A missing rate or AED amounts give warnings IBR-159-AE and IBR-175-AE.
- The VAT return converts the invoice to AED at this rate.
- Payments recorded on the invoice use the invoice currency.
- The **Payable** and **Accepted this month** cards on the list add up totals and label them AED. If you receive invoices in other currencies, treat those cards as indicative.

## Related

- [Review, accept or reject an incoming invoice](/help/en/incoming-invoices/review-accept-reject)
- [How incoming invoices are validated](/help/en/incoming-invoices/validation)
- [Other currencies in the VAT return](/help/en/vat/other-currencies-in-the-vat-return)