diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index c1f930e5dd41..4c5094b2fd20 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -366,3 +366,4 @@ execute:frappe.db.set_single_value('E Commerce Settings', 'show_actual_qty', 1)
 erpnext.patches.v14_0.delete_orphaned_asset_movement_item_records
 erpnext.patches.v14_0.remove_cancelled_asset_capitalization_from_asset
 erpnext.patches.v14_0.enable_set_priority_for_pricing_rules #1
+erpnext.patches.v14_0.update_currency_exchange_settings_for_frankfurter
diff --git a/erpnext/patches/v14_0/update_currency_exchange_settings_for_frankfurter.py b/erpnext/patches/v14_0/update_currency_exchange_settings_for_frankfurter.py
new file mode 100644
index 000000000000..a67c5a262377
--- /dev/null
+++ b/erpnext/patches/v14_0/update_currency_exchange_settings_for_frankfurter.py
@@ -0,0 +1,11 @@
+import frappe
+
+
+def execute():
+	settings = frappe.get_doc("Currency Exchange Settings")
+	if settings.service_provider != "frankfurter.app":
+		return
+
+	settings.set_parameters_and_result()
+	settings.flags.ignore_validate = True
+	settings.save()