> For the complete documentation index, see [llms.txt](https://docs.elven.com/v3/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.elven.com/v3/assets-and-valuations/currency-exchange-fx-pnl-adjustment.md).

# Currency exchange (FX) PnL adjustment

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This page illustrates how to calculate and export foreign exchange gains and losses in the Fair Value adjustment module, including generating automated Journal Entries and exporting the relevant tables.
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## 1. Accessing the Fair Value adjustment module

1. On the project homepage, navigate to the **Valuation** page.
2. In the Valuation page, select the Fiat (FX) tab.

<figure><img src="https://3801373389-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZpsCLWkj8gJHSSvPWpHg%2Fuploads%2FjMQGP7DUedpkWHZqnsZn%2Fimage.png?alt=media&amp;token=ecf70b18-4829-4fdb-a880-1cfa3d12ede4" alt=""><figcaption></figcaption></figure>

## 2. FX gains and losses calculation

1. The "Adjusting" table records the gains/losses on FX caused by exchange rate fluctuations.

<figure><img src="https://3801373389-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZpsCLWkj8gJHSSvPWpHg%2Fuploads%2FYfUbMsHpv5yhdbMqXq4D%2Fimage.png?alt=media&amp;token=485e40ad-b875-490b-90c0-f0006f0f3123" alt=""><figcaption></figcaption></figure>

1. Elven system automatically generates journal entries for adjustments based on the adjustment records.

## 3. Exporting FX gains and losses calculation tables

1. Click the "Export" button on the right to export the desired FX gains and losses calculation table.