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Exchange rate cannot be found for exchange rate type default between currenies USD & NZD

I came across this error while making some international payments in AX using EFT (method of payment).

"Exchange rate cannot be found for exchange rate type default between currenies USD & NZD"

Resolution:

 Go to General Ledger | Setup | Currency | Currency exchange rates
Add new exchange rates for required currencies with start date



Simple :)
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