BNR exchange rates¶

The Romania - BNR exchange rates (l10n_ro_currency_rate_bnr) module adds the reference exchange rates of the Banca Națională a României (BNR, National Bank of Romania) to the automatic currency rate update, loads the historical rates, and applies the rule of article 290 of the Fiscal Code to the rate of foreign-currency invoices.

BNR as the rate provider¶

Go to Accounting ‣ Configuration ‣ Settings and, in the Update currency exchange rates setting (displayed when the Multi-Currencies option is enabled), select National Bank of Romania (BNR) in the Provider field. Set the Interval, then use the refresh icon next to Next run to update the rates immediately.

Odoo reads the rates published by BNR on its last banking day and stores them with their publication date. On weekends and bank holidays BNR publishes nothing, so no new rate is created for those days. The rates that BNR quotes per several units of a currency (for example 100 HUF or 100 JPY) are converted to the rate of one unit. If the currency of the company is not the RON, the rates are converted through the RON.

Default provider by country¶

The default provider of a company depends on its fiscal country (or on the country of its address if the fiscal country is not set). It is only a default: a provider that you chose is never overwritten.

Fiscal country	Default provider
Romania	National Bank of Romania (BNR)
Hungary	Hungarian National Bank (MNB), with the `eyssen_currency_rate_live_mnb_community` module installed
Other countries	European Central Bank, unless the country has its own provider (for example, India or the United Arab Emirates)

When the BNR module is installed, and when the Romanian chart of accounts is loaded for a company, the Romanian companies that are still on an automatic default (no provider or the European Central Bank, and, at installation, MNB) are switched to BNR once. Companies of other countries are not touched.

Note

The Hungarian National Bank (MNB) provider is no longer the default of every new company: it is only the default of Hungarian companies. A company of another country that needs it has to select it. The provider already stored on existing companies is kept.

Loading the historical rates¶

When BNR is the selected provider, a BNR Range Load button is displayed in the setting. Click it, then fill in the Import BNR exchange rates dialog:

Set From and To (To is today by default).
Tick Overwrite existing rates to replace the rates that already exist for the same day and the same currency. Otherwise, the existing rates are kept.
Click Import.

The rates are downloaded from the yearly archives of BNR, which start in 2005. The period cannot start before 2005 and cannot span more than 10 calendar years. The rates are stored for the main company of the group (the branches share them) and dated with the publication date.

Rate of foreign-currency invoices (article 290)¶

According to article 290 of the Fiscal Code, the taxable amount of an invoice in a foreign currency is converted into lei with the last exchange rate communicated by BNR before the day on which the VAT becomes chargeable (article 282): the delivery date, or the invoice date if the invoice is issued earlier. BNR publishes its rates around 13:00, and the rate published on day D applies to the operations of day D+1.

The Invoice exchange rate date (Romania) setting (displayed for Romanian companies when the Multi-Currencies option is enabled) offers two rules:

Option	Rate used on the invoice
Last rate published before the VAT chargeable date (default)	The rate dated on or before the day preceding the chargeable date. The chargeable date is the Delivery Date of the invoice if it is set and earlier than the invoice date, otherwise the invoice date.
Rate of the invoice date (standard)	The standard Odoo behavior: the rate of the invoice date.

For example, with the default rule, an invoice dated Tuesday uses the rate published on Monday, and an invoice dated Monday uses the rate published on the previous Friday, since BNR publishes nothing on weekends.

The rule applies to the invoices, credit notes and receipts of Romanian companies, and the date used to find the rate is the Exchange rate date printed on the invoice.

Important

The rule finds the rate among the rates stored in the database. To get the exact BNR rate for an invoice, make sure that the rates of the previous days have been loaded: keep the automatic update enabled with a daily Interval, and use BNR Range Load to fill gaps or to load the rates before the first update.