diff --git a/app/models/account.rb b/app/models/account.rb
index 0c037609..a50ef13a 100644
--- a/app/models/account.rb
+++ b/app/models/account.rb
@@ -1,5 +1,5 @@
 class Account < ApplicationRecord
-  include Syncable, Monetizable, Issuable, Chartable, Enrichable, Linkable
+  include Syncable, Monetizable, Issuable, Chartable, Enrichable, Linkable, Convertible
 
   validates :name, :balance, :currency, presence: true
 
diff --git a/app/models/account/balance/syncer.rb b/app/models/account/balance/syncer.rb
index cc8ca68b..7aeaebda 100644
--- a/app/models/account/balance/syncer.rb
+++ b/app/models/account/balance/syncer.rb
@@ -19,6 +19,8 @@ class Account::Balance::Syncer
       if strategy == :forward
         update_account_info
       end
+
+      account.sync_required_exchange_rates
     end
   end
 
diff --git a/app/models/account/convertible.rb b/app/models/account/convertible.rb
new file mode 100644
index 00000000..8f5a1199
--- /dev/null
+++ b/app/models/account/convertible.rb
@@ -0,0 +1,28 @@
+module Account::Convertible
+  extend ActiveSupport::Concern
+
+  def sync_required_exchange_rates
+    unless requires_exchange_rates?
+      Rails.logger.info("No exchange rate sync needed for account #{id}")
+      return
+    end
+
+    rates = ExchangeRate.find_rates(
+      from: currency,
+      to: target_currency,
+      start_date: start_date,
+      cache: true # caches from provider to DB
+    )
+
+    Rails.logger.info("Synced #{rates.count} exchange rates for account #{id}")
+  end
+
+  private
+    def target_currency
+      family.currency
+    end
+
+    def requires_exchange_rates?
+      currency != target_currency
+    end
+end
diff --git a/test/models/account/chartable_test.rb b/test/models/account/chartable_test.rb
index 196feca6..a7d3acc5 100644
--- a/test/models/account/chartable_test.rb
+++ b/test/models/account/chartable_test.rb
@@ -35,4 +35,27 @@ class Account::ChartableTest < ActiveSupport::TestCase
     assert_equal 3000, series.values.find { |v| v.date == 20.days.ago.to_date }.trend.current.amount
     assert_equal 3500, series.values.last.trend.current.amount
   end
+
+  test "generates correct totals for multi currency families" do
+    family = families(:empty)
+    family.update!(currency: "USD")
+
+    usd_account = family.accounts.create!(name: "Asset", currency: "USD", balance: 5000, accountable: Depository.new)
+    eur_account = family.accounts.create!(name: "Asset", currency: "EUR", balance: 1000, accountable: Depository.new)
+
+    usd_account.balances.create!(date: 3.days.ago.to_date, balance: 5000, currency: "USD")
+    eur_account.balances.create!(date: 3.days.ago.to_date, balance: 1000, currency: "EUR")
+
+    # 1 EUR = 1.1 USD, so 1000 EUR = 1100 USD
+    ExchangeRate.create!(from_currency: "EUR", to_currency: "USD", date: 3.days.ago.to_date, rate: 1.1)
+    ExchangeRate.create!(from_currency: "EUR", to_currency: "USD", date: 2.days.ago.to_date, rate: 1.1)
+    ExchangeRate.create!(from_currency: "EUR", to_currency: "USD", date: 1.days.ago.to_date, rate: 1.1)
+    ExchangeRate.create!(from_currency: "EUR", to_currency: "USD", date: Date.current, rate: 1.1)
+
+    series = family.accounts.balance_series(currency: "USD", period: Period.last_7_days)
+
+    assert_equal 0, series.values.first.trend.current.amount
+    assert_equal 6100, series.values.find { |v| v.date == 3.days.ago.to_date }.trend.current.amount
+    assert_equal 6100, series.values.last.trend.current.amount
+  end
 end
diff --git a/test/models/account/convertible_test.rb b/test/models/account/convertible_test.rb
new file mode 100644
index 00000000..a142f881
--- /dev/null
+++ b/test/models/account/convertible_test.rb
@@ -0,0 +1,59 @@
+require "test_helper"
+require "ostruct"
+
+class Account::ConvertibleTest < ActiveSupport::TestCase
+  include Account::EntriesTestHelper
+
+  setup do
+    @family = families(:empty)
+    @family.update!(currency: "USD")
+
+    # Foreign account (currency is not in the family's primary currency, so it will require exchange rates for net worth rollups)
+    @account = @family.accounts.create!(name: "Test Account", currency: "EUR", balance: 10000, accountable: Depository.new)
+
+    @provider = mock
+    ExchangeRate.stubs(:provider).returns(@provider)
+  end
+
+  test "syncs required exchange rates for an account" do
+    create_valuation(account: @account, date: 5.days.ago.to_date, amount: 9500, currency: "EUR")
+
+    # Since we had a valuation 5 days ago, this account starts 6 days ago and needs daily exchange rates looking forward
+    assert_equal 6.days.ago.to_date, @account.start_date
+
+    @provider.expects(:fetch_exchange_rates)
+             .with(
+                from: "EUR",
+                to: "USD",
+                start_date: 6.days.ago.to_date,
+                end_date: Date.current
+              ).returns(
+                OpenStruct.new(
+                  success?: true,
+                  rates: [
+                    OpenStruct.new(date: 6.days.ago.to_date, rate: 1.1),
+                    OpenStruct.new(date: 5.days.ago.to_date, rate: 1.2),
+                    OpenStruct.new(date: 4.days.ago.to_date, rate: 1.3),
+                    OpenStruct.new(date: 3.days.ago.to_date, rate: 1.4),
+                    OpenStruct.new(date: 2.days.ago.to_date, rate: 1.5),
+                    OpenStruct.new(date: 1.day.ago.to_date, rate: 1.6),
+                    OpenStruct.new(date: Date.current, rate: 1.7)
+                  ]
+                )
+              )
+
+    assert_difference "ExchangeRate.count", 7 do
+      @account.sync_required_exchange_rates
+    end
+  end
+
+  test "does not sync rates for a domestic account" do
+    @account.update!(currency: "USD")
+
+    @provider.expects(:fetch_exchange_rates).never
+
+    assert_no_difference "ExchangeRate.count" do
+      @account.sync_required_exchange_rates
+    end
+  end
+end