Currency revaluation is the process of checking nonbase transaction amounts against current exchange rates or translation rates and adjusting the amounts to match the new exchange rates or translation rates, with offsetting amounts sent to a gain or loss account. Revaluation occurs only for accounts that are flagged to revalue.Currency revaluation occurs in the General Ledger application for the General Ledger accounts that you mark for revaluation.If your company has reporting currencies, the General Ledger application can also revalue nonbase transaction amounts to the reporting currencies.Currency revaluation occurs in the Accounts Payable and Accounts Receivable applications for vendors and customers that you mark for revaluation using Vendor (AP10.1) or Customer (AR10.1)