diff --git a/src/components/ExchangeRate/ExchangeRateInput.js b/src/components/ExchangeRate/ExchangeRateInput.js
index 925e1be10..ec1209d6d 100644
--- a/src/components/ExchangeRate/ExchangeRateInput.js
+++ b/src/components/ExchangeRate/ExchangeRateInput.js
@@ -22,7 +22,7 @@ export function ExchangeRateInputGroup({
           <ExchangeFlagIcon countryCode={fromCountryCode} /> 1 {fromCurrency} =
         </ExchangeRatePrepend>
         <ExchangeRateField
-          allowDecimals={false}
+          allowDecimals={true}
           allowNegativeValue={true}
           {...inputGroupProps}
           name={name}
diff --git a/src/containers/Purchases/Bills/BillForm/BillForm.js b/src/containers/Purchases/Bills/BillForm/BillForm.js
index 1a07118de..0aaa7212d 100644
--- a/src/containers/Purchases/Bills/BillForm/BillForm.js
+++ b/src/containers/Purchases/Bills/BillForm/BillForm.js
@@ -46,7 +46,6 @@ function BillForm({
       ...(!isEmpty(bill)
         ? {
             ...transformToEditForm(bill),
-            currency_code: base_currency,
           }
         : {
             ...defaultBill,
diff --git a/src/containers/Purchases/Bills/BillForm/BillFormHeaderFields.js b/src/containers/Purchases/Bills/BillForm/BillFormHeaderFields.js
index 9f96afca3..8844d014a 100644
--- a/src/containers/Purchases/Bills/BillForm/BillFormHeaderFields.js
+++ b/src/containers/Purchases/Bills/BillForm/BillFormHeaderFields.js
@@ -69,7 +69,6 @@ function BillFormHeader() {
                 defaultSelectText={<T id={'select_vender_account'} />}
                 onContactSelected={(contact) => {
                   form.setFieldValue('vendor_id', contact.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', contact?.currency_code);
                   setSelectVendor(contact);
                 }}
diff --git a/src/containers/Purchases/Bills/BillForm/utils.js b/src/containers/Purchases/Bills/BillForm/utils.js
index 325fd6c4e..619cdd5fe 100644
--- a/src/containers/Purchases/Bills/BillForm/utils.js
+++ b/src/containers/Purchases/Bills/BillForm/utils.js
@@ -44,7 +44,8 @@ export const defaultBill = {
   open: '',
   branch_id: '',
   warehouse_id: '',
-  exchange_rate: '',
+  exchange_rate: 1,
+  currency_code: '',
   entries: [...repeatValue(defaultBillEntry, MIN_LINES_NUMBER)],
 };
 
@@ -107,6 +108,7 @@ export const transformFormValuesToRequest = (values) => {
     ...values,
     entries: transformEntriesToSubmit(entries),
     open: false,
+    exchange_rate: 1,
   };
 };
 
diff --git a/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteForm.js b/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteForm.js
index 8c5bc8e20..18da5cc0e 100644
--- a/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteForm.js
+++ b/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteForm.js
@@ -75,6 +75,7 @@ function VendorCreditNoteForm({
               vendor_credit_number: vendorCreditNumber,
             }),
             ...newVendorCredit,
+            currency_code: base_currency,
           }),
     }),
     [vendorCredit, base_currency],
diff --git a/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteFormHeaderFields.js b/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteFormHeaderFields.js
index 5d3ae714f..bfe2477e6 100644
--- a/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteFormHeaderFields.js
+++ b/src/containers/Purchases/CreditNotes/CreditNoteForm/VendorCreditNoteFormHeaderFields.js
@@ -107,7 +107,6 @@ function VendorCreditNoteFormHeaderFields({
                 defaultSelectText={<T id={'select_vender_account'} />}
                 onContactSelected={(contact) => {
                   form.setFieldValue('vendor_id', contact.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', contact?.currency_code);
                   setSelectVendor(contact);
                 }}
diff --git a/src/containers/Purchases/CreditNotes/CreditNoteForm/utils.js b/src/containers/Purchases/CreditNotes/CreditNoteForm/utils.js
index 7eb2cd097..4144f0ab1 100644
--- a/src/containers/Purchases/CreditNotes/CreditNoteForm/utils.js
+++ b/src/containers/Purchases/CreditNotes/CreditNoteForm/utils.js
@@ -41,7 +41,8 @@ export const defaultVendorsCreditNote = {
   note: '',
   branch_id: '',
   warehouse_id: '',
-  exchange_rate: '',
+  exchange_rate: 1,
+  currency_code: '',
   entries: [...repeatValue(defaultCreditNoteEntry, MIN_LINES_NUMBER)],
 };
 
diff --git a/src/containers/Purchases/PaymentMades/PaymentForm/PaymentMadeFormHeaderFields.js b/src/containers/Purchases/PaymentMades/PaymentForm/PaymentMadeFormHeaderFields.js
index 729895e08..b190805c3 100644
--- a/src/containers/Purchases/PaymentMades/PaymentForm/PaymentMadeFormHeaderFields.js
+++ b/src/containers/Purchases/PaymentMades/PaymentForm/PaymentMadeFormHeaderFields.js
@@ -110,7 +110,6 @@ function PaymentMadeFormHeaderFields({ organization: { base_currency } }) {
                 defaultSelectText={<T id={'select_vender_account'} />}
                 onContactSelected={(contact) => {
                   form.setFieldValue('vendor_id', contact.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', contact?.currency_code);
                   setPaymentVendorId(contact.id);
                   setSelectVendor(contact);
diff --git a/src/containers/Purchases/PaymentMades/PaymentForm/utils.js b/src/containers/Purchases/PaymentMades/PaymentForm/utils.js
index 2544b3574..b93e3404e 100644
--- a/src/containers/Purchases/PaymentMades/PaymentForm/utils.js
+++ b/src/containers/Purchases/PaymentMades/PaymentForm/utils.js
@@ -35,7 +35,7 @@ export const defaultPaymentMade = {
   statement: '',
   currency_code: '',
   branch_id: '',
-  exchange_rate: '',
+  exchange_rate: 1,
   entries: [],
 };
 
diff --git a/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteForm.js b/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteForm.js
index e3297d3ef..4103fe284 100644
--- a/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteForm.js
+++ b/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteForm.js
@@ -69,7 +69,7 @@ function CreditNoteForm({
   const initialValues = React.useMemo(
     () => ({
       ...(!isEmpty(creditNote)
-        ? { ...transformToEditForm(creditNote), currency_code: base_currency }
+        ? { ...transformToEditForm(creditNote) }
         : {
             ...defaultCreditNote,
             ...(creditAutoIncrement && {
diff --git a/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteFormHeaderFields.js b/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteFormHeaderFields.js
index fc4fd95bd..a118abfb7 100644
--- a/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteFormHeaderFields.js
+++ b/src/containers/Sales/CreditNotes/CreditNoteForm/CreditNoteFormHeaderFields.js
@@ -107,7 +107,6 @@ function CreditNoteFormHeaderFields({
                 defaultSelectText={<T id={'select_customer_account'} />}
                 onContactSelected={(customer) => {
                   form.setFieldValue('customer_id', customer.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', customer?.currency_code);
                   setSelectCustomer(customer);
                 }}
diff --git a/src/containers/Sales/CreditNotes/CreditNoteForm/utils.js b/src/containers/Sales/CreditNotes/CreditNoteForm/utils.js
index 384428860..0f026d47e 100644
--- a/src/containers/Sales/CreditNotes/CreditNoteForm/utils.js
+++ b/src/containers/Sales/CreditNotes/CreditNoteForm/utils.js
@@ -43,7 +43,8 @@ export const defaultCreditNote = {
   terms_conditions: '',
   branch_id: '',
   warehouse_id: '',
-  exchange_rate: '',
+  exchange_rate: 1,
+  currency_code: '',
   entries: [...repeatValue(defaultCreditNoteEntry, MIN_LINES_NUMBER)],
 };
 
diff --git a/src/containers/Sales/Estimates/EstimateForm/EstimateForm.js b/src/containers/Sales/Estimates/EstimateForm/EstimateForm.js
index 832d4fab6..0a987e0f6 100644
--- a/src/containers/Sales/Estimates/EstimateForm/EstimateForm.js
+++ b/src/containers/Sales/Estimates/EstimateForm/EstimateForm.js
@@ -62,7 +62,7 @@ function EstimateForm({
   const initialValues = useMemo(
     () => ({
       ...(!isEmpty(estimate)
-        ? { ...transformToEditForm(estimate), currency_code: base_currency }
+        ? { ...transformToEditForm(estimate) }
         : {
             ...defaultEstimate,
             ...(estimateIncrementMode && {
diff --git a/src/containers/Sales/Estimates/EstimateForm/EstimateFormHeaderFields.js b/src/containers/Sales/Estimates/EstimateForm/EstimateFormHeaderFields.js
index f2adc28bd..1609b015e 100644
--- a/src/containers/Sales/Estimates/EstimateForm/EstimateFormHeaderFields.js
+++ b/src/containers/Sales/Estimates/EstimateForm/EstimateFormHeaderFields.js
@@ -99,7 +99,6 @@ function EstimateFormHeader({
                 defaultSelectText={<T id={'select_customer_account'} />}
                 onContactSelected={(customer) => {
                   form.setFieldValue('customer_id', customer.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', customer?.currency_code);
                   setSelectCustomer(customer);
                 }}
diff --git a/src/containers/Sales/Estimates/EstimateForm/utils.js b/src/containers/Sales/Estimates/EstimateForm/utils.js
index 2245064a6..a37039139 100644
--- a/src/containers/Sales/Estimates/EstimateForm/utils.js
+++ b/src/containers/Sales/Estimates/EstimateForm/utils.js
@@ -39,7 +39,8 @@ export const defaultEstimate = {
   terms_conditions: '',
   branch_id: '',
   warehouse_id: '',
-  exchange_rate: '',
+  exchange_rate: 1,
+  currency_code: '',
   entries: [...repeatValue(defaultEstimateEntry, MIN_LINES_NUMBER)],
 };
 
diff --git a/src/containers/Sales/Invoices/InvoiceForm/InvoiceForm.js b/src/containers/Sales/Invoices/InvoiceForm/InvoiceForm.js
index b83f15072..047f0f553 100644
--- a/src/containers/Sales/Invoices/InvoiceForm/InvoiceForm.js
+++ b/src/containers/Sales/Invoices/InvoiceForm/InvoiceForm.js
@@ -67,7 +67,7 @@ function InvoiceForm({
   const initialValues = useMemo(
     () => ({
       ...(!isEmpty(invoice)
-        ? { ...transformToEditForm(invoice), currency_code: base_currency }
+        ? { ...transformToEditForm(invoice) }
         : {
             ...defaultInvoice,
             ...(invoiceIncrementMode && {
diff --git a/src/containers/Sales/Invoices/InvoiceForm/InvoiceFormHeaderFields.js b/src/containers/Sales/Invoices/InvoiceForm/InvoiceFormHeaderFields.js
index 0268caf3c..280152a78 100644
--- a/src/containers/Sales/Invoices/InvoiceForm/InvoiceFormHeaderFields.js
+++ b/src/containers/Sales/Invoices/InvoiceForm/InvoiceFormHeaderFields.js
@@ -115,7 +115,6 @@ function InvoiceFormHeaderFields({
                 defaultSelectText={<T id={'select_customer_account'} />}
                 onContactSelected={(customer) => {
                   form.setFieldValue('customer_id', customer.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', customer?.currency_code);
                   setSelectCustomer(customer);
                 }}
diff --git a/src/containers/Sales/Invoices/InvoiceForm/utils.js b/src/containers/Sales/Invoices/InvoiceForm/utils.js
index 4ac16610d..0392aa068 100644
--- a/src/containers/Sales/Invoices/InvoiceForm/utils.js
+++ b/src/containers/Sales/Invoices/InvoiceForm/utils.js
@@ -44,7 +44,8 @@ export const defaultInvoice = {
   reference_no: '',
   invoice_message: '',
   terms_conditions: '',
-  exchange_rate: '',
+  exchange_rate: 1,
+  currency_code: '',
   branch_id: '',
   warehouse_id: '',
   entries: [...repeatValue(defaultInvoiceEntry, MIN_LINES_NUMBER)],
diff --git a/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveHeaderFields.js b/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveHeaderFields.js
index 63ce759eb..f4bc370c9 100644
--- a/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveHeaderFields.js
+++ b/src/containers/Sales/PaymentReceives/PaymentReceiveForm/PaymentReceiveHeaderFields.js
@@ -153,7 +153,6 @@ function PaymentReceiveHeaderFields({
                 onContactSelected={(customer) => {
                   form.setFieldValue('customer_id', customer.id);
                   form.setFieldValue('full_amount', '');
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', customer?.currency_code);
                   setSelectCustomer(customer);
                 }}
diff --git a/src/containers/Sales/PaymentReceives/PaymentReceiveForm/utils.js b/src/containers/Sales/PaymentReceives/PaymentReceiveForm/utils.js
index c1c715af2..9191e9f58 100644
--- a/src/containers/Sales/PaymentReceives/PaymentReceiveForm/utils.js
+++ b/src/containers/Sales/PaymentReceives/PaymentReceiveForm/utils.js
@@ -34,7 +34,7 @@ export const defaultPaymentReceive = {
   full_amount: '',
   currency_code: '',
   branch_id: '',
-  exchange_rate:'',
+  exchange_rate: 1,
   entries: [],
 };
 
diff --git a/src/containers/Sales/Receipts/ReceiptForm/ReceiptForm.js b/src/containers/Sales/Receipts/ReceiptForm/ReceiptForm.js
index 79310e87f..129b6cec3 100644
--- a/src/containers/Sales/Receipts/ReceiptForm/ReceiptForm.js
+++ b/src/containers/Sales/Receipts/ReceiptForm/ReceiptForm.js
@@ -67,7 +67,7 @@ function ReceiptForm({
   const initialValues = useMemo(
     () => ({
       ...(!isEmpty(receipt)
-        ? { ...transformToEditForm(receipt), currency_code: base_currency }
+        ? { ...transformToEditForm(receipt) }
         : {
             ...defaultReceipt,
             ...(receiptAutoIncrement && {
diff --git a/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormHeaderFields.js b/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormHeaderFields.js
index 8d5f1dde8..f2953aa6c 100644
--- a/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormHeaderFields.js
+++ b/src/containers/Sales/Receipts/ReceiptForm/ReceiptFormHeaderFields.js
@@ -107,7 +107,6 @@ function ReceiptFormHeader({
                 defaultSelectText={<T id={'select_customer_account'} />}
                 onContactSelected={(customer) => {
                   form.setFieldValue('customer_id', customer.id);
-                  form.setFieldValue('exchange_rate', '');
                   form.setFieldValue('currency_code', customer?.currency_code);
                   setSelectCustomer(customer);
                 }}
diff --git a/src/containers/Sales/Receipts/ReceiptForm/utils.js b/src/containers/Sales/Receipts/ReceiptForm/utils.js
index 7ad3b69de..937d9d596 100644
--- a/src/containers/Sales/Receipts/ReceiptForm/utils.js
+++ b/src/containers/Sales/Receipts/ReceiptForm/utils.js
@@ -39,7 +39,8 @@ export const defaultReceipt = {
   closed: '',
   branch_id: '',
   warehouse_id: '',
-  exchange_rate: '',
+  exchange_rate: 1,
+  currency_code: '',
   entries: [...repeatValue(defaultReceiptEntry, MIN_LINES_NUMBER)],
 };