diff --git a/src/app/fyle/add-edit-advance-request/fy-currency/fy-currency-exchange-rate/fy-currency-exchange-rate.component.spec.ts b/src/app/fyle/add-edit-advance-request/fy-currency/fy-currency-exchange-rate/fy-currency-exchange-rate.component.spec.ts
index 129eb0b3ef..92cef5613a 100644
--- a/src/app/fyle/add-edit-advance-request/fy-currency/fy-currency-exchange-rate/fy-currency-exchange-rate.component.spec.ts
+++ b/src/app/fyle/add-edit-advance-request/fy-currency/fy-currency-exchange-rate/fy-currency-exchange-rate.component.spec.ts
@@ -1,26 +1,160 @@
-import { ComponentFixture, TestBed, waitForAsync } from '@angular/core/testing';
-import { IonicModule } from '@ionic/angular';
+import { ComponentFixture, TestBed, fakeAsync, tick, waitForAsync } from '@angular/core/testing';
+import { IonicModule, ModalController } from '@ionic/angular';
 
 import { FyCurrencyExchangeRateComponent } from './fy-currency-exchange-rate.component';
+import { CurrencyService } from 'src/app/core/services/currency.service';
+import { LoaderService } from 'src/app/core/services/loader.service';
+import { FormBuilder, FormsModule, ReactiveFormsModule } from '@angular/forms';
+import { of } from 'rxjs';
 
-xdescribe('FyCurrencyExchangeRateComponent', () => {
+describe('FyCurrencyExchangeRateComponent', () => {
   let component: FyCurrencyExchangeRateComponent;
   let fixture: ComponentFixture<FyCurrencyExchangeRateComponent>;
+  let currencyService: jasmine.SpyObj<CurrencyService>;
+  let modalController: jasmine.SpyObj<ModalController>;
+  let loaderService: jasmine.SpyObj<LoaderService>;
+  let formBuilder: FormBuilder;
 
-  beforeEach(
-    waitForAsync(() => {
-      TestBed.configureTestingModule({
-        declarations: [FyCurrencyExchangeRateComponent],
-        imports: [IonicModule.forRoot()],
-      }).compileComponents();
+  beforeEach(waitForAsync(() => {
+    const currencyServiceSpy = jasmine.createSpyObj('CurrencyService', [
+      'getExchangeRate',
+      'getAmountWithCurrencyFraction',
+    ]);
+    const modalControllerSpy = jasmine.createSpyObj('ModalController', ['dismiss']);
+    const loaderServiceSpy = jasmine.createSpyObj('LoaderService', ['showLoader', 'hideLoader']);
 
-      fixture = TestBed.createComponent(FyCurrencyExchangeRateComponent);
-      component = fixture.componentInstance;
-      fixture.detectChanges();
-    })
-  );
+    TestBed.configureTestingModule({
+      declarations: [FyCurrencyExchangeRateComponent],
+      imports: [IonicModule.forRoot(), FormsModule, ReactiveFormsModule],
+      providers: [
+        FormBuilder,
+        {
+          provide: CurrencyService,
+          useValue: currencyServiceSpy,
+        },
+        {
+          provide: ModalController,
+          useValue: modalControllerSpy,
+        },
+        {
+          provide: LoaderService,
+          useValue: loaderServiceSpy,
+        },
+      ],
+    }).compileComponents();
+
+    fixture = TestBed.createComponent(FyCurrencyExchangeRateComponent);
+    component = fixture.componentInstance;
+    formBuilder = TestBed.inject(FormBuilder);
+    currencyService = TestBed.inject(CurrencyService) as jasmine.SpyObj<CurrencyService>;
+    modalController = TestBed.inject(ModalController) as jasmine.SpyObj<ModalController>;
+    loaderService = TestBed.inject(LoaderService) as jasmine.SpyObj<LoaderService>;
+    component.txnDt = new Date();
+    component.amount = 100;
+    component.currentCurrency = 'USD';
+    component.newCurrency = 'EUR';
+    currencyService.getExchangeRate.and.returnValue(of(1.5));
+    currencyService.getAmountWithCurrencyFraction.and.returnValue(1.5);
+    loaderService.showLoader.and.resolveTo();
+    loaderService.hideLoader.and.resolveTo();
+  }));
 
   it('should create', () => {
     expect(component).toBeTruthy();
   });
+
+  it('toFixed(): should return a string with the specified number of decimal places', () => {
+    expect(component.toFixed(1.234567, 2)).toEqual('1.23');
+    expect(component.toFixed(1234.567, 1)).toEqual('1234.5');
+    expect(component.toFixed(0.123, 3)).toEqual('0.123');
+    expect(component.toFixed(10, 2)).toEqual('10');
+    expect(component.toFixed(10, 0)).toEqual('10');
+    expect(component.toFixed(1.15, 7)).toEqual('1.15');
+  });
+
+  describe('ngOnInit():', () => {
+    it('should set form values', fakeAsync(() => {
+      component.txnDt = new Date('2023-01-01');
+      spyOn(component, 'toFixed');
+      component.ngOnInit();
+      tick(100);
+      expect(component.fg.value).toEqual({
+        newCurrencyAmount: 100,
+        exchangeRate: undefined,
+        homeCurrencyAmount: 1.5,
+      });
+    }));
+
+    it('should set form values if txnDt is not defined', fakeAsync(() => {
+      spyOn(component, 'toFixed');
+      component.txnDt = undefined;
+
+      const date = new Date();
+
+      component.ngOnInit();
+      tick(100);
+      expect(loaderService.showLoader).toHaveBeenCalledTimes(1);
+      expect(currencyService.getExchangeRate).toHaveBeenCalledOnceWith('EUR', 'USD', date);
+      expect(currencyService.getAmountWithCurrencyFraction).toHaveBeenCalledWith(150, 'USD');
+      expect(loaderService.hideLoader).toHaveBeenCalledTimes(1);
+      expect(component.fg.value).toEqual({
+        newCurrencyAmount: 100,
+        exchangeRate: undefined,
+        homeCurrencyAmount: 1.5,
+      });
+    }));
+
+    it('should set homeCurrencyAmount if newCurrencyAmount and exchangeRate value changes', fakeAsync(() => {
+      spyOn(component, 'toFixed');
+      currencyService.getAmountWithCurrencyFraction.and.returnValue(56);
+      component.currentCurrency = 'USD';
+      component.ngOnInit();
+      tick(100);
+      component.fg.controls.exchangeRate.setValue(1.5);
+      component.fg.controls.newCurrencyAmount.setValue(200);
+      expect(component.fg.value).toEqual({
+        newCurrencyAmount: 200,
+        exchangeRate: 1.5,
+        homeCurrencyAmount: 56,
+      });
+      expect(currencyService.getAmountWithCurrencyFraction).toHaveBeenCalledTimes(3);
+      expect(currencyService.getAmountWithCurrencyFraction).toHaveBeenCalledWith(150, 'USD');
+      expect(currencyService.getAmountWithCurrencyFraction).toHaveBeenCalledWith(300, 'USD');
+    }));
+
+    it('should set homeCurrencyAmount to zero if exchangeRate value changes and amount is zero', fakeAsync(() => {
+      spyOn(component, 'toFixed');
+      currencyService.getAmountWithCurrencyFraction.and.returnValue(56);
+      component.currentCurrency = 'USD';
+      component.ngOnInit();
+      tick(100);
+      component.fg.controls.newCurrencyAmount.setValue(0);
+      component.fg.controls.exchangeRate.setValue(1.8);
+      expect(component.fg.value).toEqual({
+        newCurrencyAmount: 0,
+        exchangeRate: 1.8,
+        homeCurrencyAmount: 0,
+      });
+      expect(currencyService.getAmountWithCurrencyFraction).toHaveBeenCalledTimes(2);
+      expect(currencyService.getAmountWithCurrencyFraction).toHaveBeenCalledWith(150, 'USD');
+    }));
+  });
+
+  it('save(): should dismiss the modal with params as amount and homeCurrencyAmount', () => {
+    component.fg = formBuilder.group({
+      newCurrencyAmount: [100],
+      exchangeRate: [1.5],
+      homeCurrencyAmount: [1.5],
+    });
+    component.save();
+    expect(modalController.dismiss).toHaveBeenCalledOnceWith({
+      amount: 100,
+      homeCurrencyAmount: 1.5,
+    });
+  });
+
+  it('onDoneClick(): should dismiss the modal', () => {
+    component.onDoneClick();
+    expect(modalController.dismiss).toHaveBeenCalledTimes(1);
+  });
 });