diff --git a/src/lib/server/fx/index.ts b/src/lib/server/fx/index.ts
new file mode 100644
index 0000000..9cd96ff
--- /dev/null
+++ b/src/lib/server/fx/index.ts
@@ -0,0 +1,112 @@
+import { db } from '$lib/server/db/index.js';
+import { companies, companyAccounts } from '$lib/server/db/schema.js';
+import { and, eq, isNull, ne } from 'drizzle-orm';
+
+const CDN_URL = 'https://cdn.jsdelivr.net/npm/@fawazahmed0/currency-api@latest/v1/currencies';
+const FALLBACK_URL = 'https://latest.currency-api.pages.dev/v1/currencies';
+
+async function fetchJson(url: string): Promise<unknown> {
+	const controller = new AbortController();
+	const timer = setTimeout(() => controller.abort(), 10_000);
+	try {
+		const res = await fetch(url, { signal: controller.signal });
+		if (!res.ok) throw new Error(`HTTP ${res.status}`);
+		return await res.json();
+	} finally {
+		clearTimeout(timer);
+	}
+}
+
+export async function fetchRate(
+	fromCurrency: string,
+	toCurrency: string
+): Promise<number | null> {
+	const from = fromCurrency.toLowerCase();
+	const to = toCurrency.toLowerCase();
+	if (from === to) return 1;
+
+	for (const base of [CDN_URL, FALLBACK_URL]) {
+		try {
+			const data = (await fetchJson(`${base}/${from}.min.json`)) as Record<string, unknown>;
+			const rates = data[from] as Record<string, number> | undefined;
+			if (rates && typeof rates[to] === 'number') {
+				return rates[to];
+			}
+		} catch {
+			continue;
+		}
+	}
+	return null;
+}
+
+export interface FxUpdateResult {
+	updated: number;
+	errors: string[];
+}
+
+export async function updateAllFxRates(): Promise<FxUpdateResult> {
+	let updated = 0;
+	const errors: string[] = [];
+
+	// Get all companies with their base currency
+	const companyList = await db
+		.select({ id: companies.id, currency: companies.currency })
+		.from(companies)
+		.where(isNull(companies.deletedAt));
+
+	for (const company of companyList) {
+		const baseCurrency = company.currency;
+
+		// Find accounts in foreign currencies
+		const foreignAccounts = await db
+			.select({
+				id: companyAccounts.id,
+				currency: companyAccounts.currency
+			})
+			.from(companyAccounts)
+			.where(
+				and(
+					eq(companyAccounts.companyId, company.id),
+					isNull(companyAccounts.deletedAt),
+					ne(companyAccounts.currency, baseCurrency)
+				)
+			);
+
+		if (foreignAccounts.length === 0) continue;
+
+		// Group by currency to minimize API calls
+		const byCurrency = new Map<string, string[]>();
+		for (const acct of foreignAccounts) {
+			const ids = byCurrency.get(acct.currency) ?? [];
+			ids.push(acct.id);
+			byCurrency.set(acct.currency, ids);
+		}
+
+		for (const [foreignCurrency, accountIds] of byCurrency) {
+			try {
+				const rate = await fetchRate(foreignCurrency, baseCurrency);
+				if (rate === null) {
+					errors.push(`No rate for ${foreignCurrency}→${baseCurrency}`);
+					continue;
+				}
+
+				for (const id of accountIds) {
+					await db
+						.update(companyAccounts)
+						.set({
+							fxRateToBase: rate.toFixed(8),
+							updatedAt: new Date()
+						})
+						.where(eq(companyAccounts.id, id));
+					updated++;
+				}
+			} catch (err) {
+				errors.push(
+					`${foreignCurrency}→${baseCurrency}: ${err instanceof Error ? err.message : String(err)}`
+				);
+			}
+		}
+	}
+
+	return { updated, errors };
+}
diff --git a/src/lib/server/recurring-bills/scheduler.ts b/src/lib/server/recurring-bills/scheduler.ts
index 25a1c7f..7ba6ad7 100644
--- a/src/lib/server/recurring-bills/scheduler.ts
+++ b/src/lib/server/recurring-bills/scheduler.ts
@@ -1,16 +1,20 @@
 import { postBillsDue } from './poster.js';
+import { updateAllFxRates } from '$lib/server/fx/index.js';
 
 const INTERVAL_MS = 15 * 60 * 1000;
-const GUARD_KEY = '__b4lRecurringBillsScheduler';
+const FX_INTERVAL_MS = 24 * 60 * 60 * 1000;
+const GUARD_KEY = '__b4lScheduler';
+const FX_LAST_KEY = '__b4lFxLastRefresh';
 
 // eslint-disable-next-line @typescript-eslint/no-explicit-any
-type GlobalWithGuard = typeof globalThis & { [GUARD_KEY]?: NodeJS.Timeout };
+type GlobalAny = typeof globalThis & Record<string, any>;
 
 export function startScheduler(): void {
-	const g = globalThis as GlobalWithGuard;
+	const g = globalThis as GlobalAny;
 	if (g[GUARD_KEY]) return;
 
 	g[GUARD_KEY] = setInterval(async () => {
+		// ── Recurring bills (every 15min) ──
 		try {
 			const result = await postBillsDue();
 			if (result.postedCount > 0 || result.errors.length > 0 || result.skippedCount > 0) {
@@ -19,7 +23,21 @@ export function startScheduler(): void {
 		} catch (err) {
 			console.error('[scheduler] recurring bills tick error:', err);
 		}
+
+		// ── FX rate refresh (daily) ──
+		const lastFx: number = g[FX_LAST_KEY] ?? 0;
+		if (Date.now() - lastFx > FX_INTERVAL_MS) {
+			try {
+				const result = await updateAllFxRates();
+				g[FX_LAST_KEY] = Date.now();
+				if (result.updated > 0 || result.errors.length > 0) {
+					console.log('[scheduler] FX rates refreshed:', result);
+				}
+			} catch (err) {
+				console.error('[scheduler] FX refresh error:', err);
+			}
+		}
 	}, INTERVAL_MS);
 
-	console.log('[scheduler] recurring bills started (interval: 15min)');
+	console.log('[scheduler] started (bills: 15min, FX: daily)');
 }