diff --git a/erpnext/stock/get_item_details.py b/erpnext/stock/get_item_details.py
index a7638b4169e..cb6c748e600 100644
--- a/erpnext/stock/get_item_details.py
+++ b/erpnext/stock/get_item_details.py
@@ -10,6 +10,7 @@ from erpnext.accounts.doctype.pricing_rule.pricing_rule import get_pricing_rule_
 from erpnext.setup.utils import get_exchange_rate
 from frappe.model.meta import get_field_precision
 from erpnext.stock.doctype.batch.batch import get_batch_no
+from erpnext import get_company_currency
 
 
 @frappe.whitelist()
@@ -589,13 +590,11 @@ def get_price_list_currency_and_exchange_rate(args):
 
 	price_list_currency = get_price_list_currency(args.price_list)
 	price_list_uom_dependant = get_price_list_uom_dependant(args.price_list)
-	plc_conversion_rate = args.plc_conversion_rate
+	plc_conversion_rate = 1
+	company_currency = get_company_currency(args.company)
 
-	if (not plc_conversion_rate) or (price_list_currency and args.price_list_currency \
-		and price_list_currency != args.price_list_currency):
-			# cksgb 19/09/2016: added args.transaction_date as posting_date argument for get_exchange_rate
-			plc_conversion_rate = get_exchange_rate(price_list_currency, args.currency,
-				args.transaction_date) or plc_conversion_rate
+	if company_currency:
+		plc_conversion_rate = get_exchange_rate(price_list_currency, company_currency, args.transaction_date)
 
 	return frappe._dict({
 		"price_list_currency": price_list_currency,