How does Odoo handle realized currency gains or losses?

Question

A foreign exchange gain (loss) occurs when a company sells goods and services to a Customer who works with a different currency.
The value of the foreign currency, when converted to the local currency of the seller, will vary depending on the prevailing exchange rate.
If the value of the currency increases after the conversion, the seller will have made a foreign currency gain.
If the value of the currency declines after the conversion, the seller will have incurred a foreign exchange loss.
How

Ray Carnes (ray) · Accepted Answer

Automagically.

If you sell to a Customer in their currency (different from
yours) then you must convert the amount they owe you.   Unless they pay the same day (and sometimes even
if they do) you will either gain or lose money due to the different exchange
rate between the date of the Invoice and the date of the Payment.

Take the case of an American Company, dealing only in $USD,
that sells to a European Company, dealing only in Euros.   AmCo converts $USD 100 to € 89.68 on January 15 th .

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