diff --git a/erpnext/accounts/utils.py b/erpnext/accounts/utils.py
index 2558e976bea..0450221222d 100644
--- a/erpnext/accounts/utils.py
+++ b/erpnext/accounts/utils.py
@@ -1598,6 +1598,18 @@ def auto_create_exchange_rate_revaluation_weekly() -> None:
 	create_err_and_its_journals(companies)
 
 
+def auto_create_exchange_rate_revaluation_monthly() -> None:
+	"""
+	Executed by background job
+	"""
+	companies = frappe.db.get_all(
+		"Company",
+		filters={"auto_exchange_rate_revaluation": 1, "auto_err_frequency": "Montly"},
+		fields=["name", "submit_err_jv"],
+	)
+	create_err_and_its_journals(companies)
+
+
 def get_payment_ledger_entries(gl_entries, cancel=0):
 	ple_map = []
 	if gl_entries:
diff --git a/erpnext/hooks.py b/erpnext/hooks.py
index 028acc9cb11..527be6ab337 100644
--- a/erpnext/hooks.py
+++ b/erpnext/hooks.py
@@ -456,6 +456,7 @@ scheduler_events = {
 	],
 	"monthly_long": [
 		"erpnext.accounts.deferred_revenue.process_deferred_accounting",
+		"erpnext.accounts.utils.auto_create_exchange_rate_revaluation_monthly",
 	],
 }