diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index 3cd33380430..a7f2fda7bfd 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -383,3 +383,4 @@ erpnext.patches.v15_0.set_standard_stock_entry_type
 erpnext.patches.v15_0.set_difference_amount_in_asset_value_adjustment
 erpnext.patches.v15_0.link_purchase_item_to_asset_doc
 erpnext.patches.v15_0.migrate_to_utm_analytics
+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 00000000000..a67c5a26237
--- /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()