diff --git a/fusion_accounting_reports/services/__init__.py b/fusion_accounting_reports/services/__init__.py
index dffef435..5fc930af 100644
--- a/fusion_accounting_reports/services/__init__.py
+++ b/fusion_accounting_reports/services/__init__.py
@@ -1,3 +1,4 @@
 from . import date_periods
 from . import account_hierarchy
 from . import totaling
+from . import currency_conversion
diff --git a/fusion_accounting_reports/services/currency_conversion.py b/fusion_accounting_reports/services/currency_conversion.py
new file mode 100644
index 00000000..59b953da
--- /dev/null
+++ b/fusion_accounting_reports/services/currency_conversion.py
@@ -0,0 +1,66 @@
+"""Multi-currency conversion for financial reports.
+
+Converts move-line amounts to the report's display currency at the
+report end-date. Pure-Python - caller provides exchange rates as a
+dict {(source_code, target_code, date): rate}."""
+
+from dataclasses import dataclass
+from datetime import date
+
+
+@dataclass
+class ConversionRate:
+    source: str
+    target: str
+    rate: float
+    rate_date: date
+
+
+def convert_amount(amount: float, *, source_currency: str, target_currency: str,
+                   rate_date: date, rates: dict) -> float:
+    """Convert `amount` from source to target at the given date.
+
+    `rates` is a dict keyed by (source, target, date) -> rate.
+    If source == target, returns amount unchanged."""
+    if source_currency == target_currency:
+        return amount
+    key = (source_currency, target_currency, rate_date)
+    if key in rates:
+        return amount * rates[key]
+    inv_key = (target_currency, source_currency, rate_date)
+    if inv_key in rates:
+        inv = rates[inv_key]
+        if inv != 0:
+            return amount / inv
+    candidates = [
+        (d, r) for (s, t, d), r in rates.items()
+        if s == source_currency and t == target_currency and d <= rate_date
+    ]
+    if candidates:
+        candidates.sort(key=lambda x: x[0], reverse=True)
+        return amount * candidates[0][1]
+    raise ValueError(
+        f"No exchange rate available for {source_currency}->{target_currency} on or before {rate_date}"
+    )
+
+
+def fetch_rates(env, *, target_currency_id: int, as_of: date,
+                source_currency_ids: list[int] | None = None) -> dict:
+    """Fetch all relevant rates from res.currency.rate as of a given date.
+
+    Returns the dict-of-rates structure consumed by convert_amount.
+    Pulls only rates where source != target and date <= as_of."""
+    Rate = env['res.currency.rate'].sudo()
+    target = env['res.currency'].browse(target_currency_id)
+    domain = [
+        ('name', '<=', as_of),
+        ('currency_id', '!=', target.id),
+    ]
+    if source_currency_ids:
+        domain.append(('currency_id', 'in', source_currency_ids))
+    rates_recs = Rate.search(domain)
+
+    out = {}
+    for r in rates_recs:
+        out[(r.currency_id.name, target.name, r.name)] = (1.0 / r.rate) if r.rate else 0.0
+    return out
diff --git a/fusion_accounting_reports/tests/__init__.py b/fusion_accounting_reports/tests/__init__.py
index 1d13e069..53f6331b 100644
--- a/fusion_accounting_reports/tests/__init__.py
+++ b/fusion_accounting_reports/tests/__init__.py
@@ -1 +1,2 @@
 from . import test_services_unit
+from . import test_currency_conversion
diff --git a/fusion_accounting_reports/tests/test_currency_conversion.py b/fusion_accounting_reports/tests/test_currency_conversion.py
new file mode 100644
index 00000000..49fcffd8
--- /dev/null
+++ b/fusion_accounting_reports/tests/test_currency_conversion.py
@@ -0,0 +1,53 @@
+"""Unit tests for currency_conversion service."""
+
+from datetime import date
+
+from odoo.tests.common import TransactionCase, tagged
+from odoo.addons.fusion_accounting_reports.services.currency_conversion import (
+    convert_amount, fetch_rates,
+)
+
+
+@tagged('post_install', '-at_install')
+class TestCurrencyConversion(TransactionCase):
+
+    def test_same_currency_returns_unchanged(self):
+        result = convert_amount(100, source_currency='USD',
+                                target_currency='USD',
+                                rate_date=date(2026, 4, 19), rates={})
+        self.assertEqual(result, 100)
+
+    def test_direct_rate(self):
+        rates = {('USD', 'CAD', date(2026, 4, 19)): 1.35}
+        result = convert_amount(100, source_currency='USD',
+                                target_currency='CAD',
+                                rate_date=date(2026, 4, 19), rates=rates)
+        self.assertEqual(result, 135)
+
+    def test_inverse_rate(self):
+        rates = {('CAD', 'USD', date(2026, 4, 19)): 0.74}
+        result = convert_amount(100, source_currency='USD',
+                                target_currency='CAD',
+                                rate_date=date(2026, 4, 19), rates=rates)
+        self.assertAlmostEqual(result, 100 / 0.74, places=2)
+
+    def test_falls_back_to_most_recent_rate(self):
+        rates = {
+            ('USD', 'CAD', date(2026, 1, 1)): 1.30,
+            ('USD', 'CAD', date(2026, 3, 1)): 1.32,
+        }
+        result = convert_amount(100, source_currency='USD',
+                                target_currency='CAD',
+                                rate_date=date(2026, 4, 19), rates=rates)
+        self.assertEqual(result, 132)
+
+    def test_raises_when_no_rate(self):
+        with self.assertRaises(ValueError):
+            convert_amount(100, source_currency='EUR',
+                           target_currency='CAD',
+                           rate_date=date(2026, 4, 19), rates={})
+
+    def test_fetch_rates_from_env(self):
+        cad = self.env.ref('base.CAD')
+        rates = fetch_rates(self.env, target_currency_id=cad.id, as_of=date(2026, 4, 19))
+        self.assertIsInstance(rates, dict)