diff --git a/erpnext/accounts/doctype/payment_entry/payment_entry.py b/erpnext/accounts/doctype/payment_entry/payment_entry.py
index 1671d3980a4..cb84204e053 100644
--- a/erpnext/accounts/doctype/payment_entry/payment_entry.py
+++ b/erpnext/accounts/doctype/payment_entry/payment_entry.py
@@ -3034,7 +3034,7 @@ def get_payment_entry(
 				pe, doc, discount_amount, base_total_discount_loss, party_account_currency
 			)
 
-		pe.set_exchange_rate(ref_doc=doc)
+		pe.set_exchange_rate()
 		pe.set_amounts()
 
 	# If PE is created from PR directly, then no need to find open PRs for the references