diff --git a/addons/account/report/account_invoice_report.py b/addons/account/report/account_invoice_report.py
index f2d0548819a..b2f2f0fa83c 100644
--- a/addons/account/report/account_invoice_report.py
+++ b/addons/account/report/account_invoice_report.py
@@ -158,23 +158,16 @@ class AccountInvoiceReport(models.Model):
         # self._table = account_invoice_report
         tools.drop_view_if_exists(cr, self._table)
         cr.execute("""CREATE or REPLACE VIEW %s as (
-            WITH currency_rate (currency_id, rate, date_start, date_end) AS (
-                SELECT r.currency_id, r.rate, r.name AS date_start,
-                    (SELECT name FROM res_currency_rate r2
-                     WHERE r2.name > r.name AND
-                           r2.currency_id = r.currency_id
-                     ORDER BY r2.name ASC
-                     LIMIT 1) AS date_end
-                FROM res_currency_rate r
-            )
+            WITH currency_rate AS (%s)
             %s
             FROM (
                 %s %s %s
             ) AS sub
             LEFT JOIN currency_rate cr ON
                 (cr.currency_id = sub.currency_id AND
+                 cr.company_id = sub.company_id AND
                  cr.date_start <= COALESCE(sub.date, NOW()) AND
                  (cr.date_end IS NULL OR cr.date_end > COALESCE(sub.date, NOW())))
         )""" % (
-                    self._table,
+                    self._table, self.pool['res.currency']._select_companies_rates(),
                     self._select(), self._sub_select(), self._from(), self._group_by()))
diff --git a/addons/purchase/report/purchase_report.py b/addons/purchase/report/purchase_report.py
index 4786e46a7b9..59381718b1b 100644
--- a/addons/purchase/report/purchase_report.py
+++ b/addons/purchase/report/purchase_report.py
@@ -49,15 +49,7 @@ class purchase_report(osv.osv):
         tools.sql.drop_view_if_exists(cr, 'purchase_report')
         cr.execute("""
             create or replace view purchase_report as (
-                WITH currency_rate (currency_id, rate, date_start, date_end) AS (
-                    SELECT r.currency_id, r.rate, r.name AS date_start,
-                        (SELECT name FROM res_currency_rate r2
-                        WHERE r2.name > r.name AND
-                            r2.currency_id = r.currency_id
-                         ORDER BY r2.name ASC
-                         LIMIT 1) AS date_end
-                    FROM res_currency_rate r
-                )
+                WITH currency_rate as (%s)
                 select
                     min(l.id) as id,
                     s.date_order as date,
@@ -96,6 +88,7 @@ class purchase_report(osv.osv):
                     left join stock_picking_type spt on (spt.id=s.picking_type_id)
                     left join account_analytic_account analytic_account on (l.account_analytic_id = analytic_account.id)
                     left join currency_rate cr on (cr.currency_id = s.currency_id and
+                        cr.company_id = s.company_id and
                         cr.date_start <= coalesce(s.date_order, now()) and
                         (cr.date_end is null or cr.date_end > coalesce(s.date_order, now())))
                 group by
@@ -125,4 +118,4 @@ class purchase_report(osv.osv):
                     partner.commercial_partner_id,
                     analytic_account.id
             )
-        """)
+        """ % self.pool['res.currency']._select_companies_rates())
diff --git a/addons/sale/report/sale_report.py b/addons/sale/report/sale_report.py
index 68ec0b37b02..507a2560d9e 100644
--- a/addons/sale/report/sale_report.py
+++ b/addons/sale/report/sale_report.py
@@ -43,15 +43,7 @@ class sale_report(osv.osv):
 
     def _select(self):
         select_str = """
-            WITH currency_rate (currency_id, rate, date_start, date_end) AS (
-                    SELECT r.currency_id, r.rate, r.name AS date_start,
-                        (SELECT name FROM res_currency_rate r2
-                        WHERE r2.name > r.name AND
-                            r2.currency_id = r.currency_id
-                         ORDER BY r2.name ASC
-                         LIMIT 1) AS date_end
-                    FROM res_currency_rate r
-                )
+            WITH currency_rate as (%s)
              SELECT min(l.id) as id,
                     l.product_id as product_id,
                     t.uom_id as product_uom,
@@ -75,7 +67,7 @@ class sale_report(osv.osv):
                     p.product_tmpl_id,
                     partner.country_id as country_id,
                     partner.commercial_partner_id as commercial_partner_id
-        """
+        """ % self.pool['res.currency']._select_companies_rates()
         return select_str
 
     def _from(self):
@@ -89,6 +81,7 @@ class sale_report(osv.osv):
                     left join product_uom u2 on (u2.id=t.uom_id)
                     left join product_pricelist pp on (s.pricelist_id = pp.id)
                     left join currency_rate cr on (cr.currency_id = pp.currency_id and
+                        cr.company_id = s.company_id and
                         cr.date_start <= coalesce(s.date_order, now()) and
                         (cr.date_end is null or cr.date_end > coalesce(s.date_order, now())))
         """
diff --git a/openerp/addons/base/res/res_currency.py b/openerp/addons/base/res/res_currency.py
index 85f383f7825..2517bbb316d 100644
--- a/openerp/addons/base/res/res_currency.py
+++ b/openerp/addons/base/res/res_currency.py
@@ -262,6 +262,24 @@ class res_currency(osv.osv):
         function = "if (arguments[1] === false || arguments[1] === undefined) {" + company_currency_format + " }" + function
         return function
 
+    def _select_companies_rates(self):
+        return """
+            SELECT
+                r.currency_id,
+                COALESCE(r.company_id, c.id) as company_id,
+                r.rate,
+                r.name AS date_start,
+                (SELECT name FROM res_currency_rate r2
+                 WHERE r2.name > r.name AND
+                       r2.currency_id = r.currency_id AND
+                       (r2.company_id is null  or r2.company_id = r.company_id)
+                 ORDER BY r2.name ASC
+                 LIMIT 1) AS date_end
+            FROM res_currency_rate r
+            JOIN res_company c ON (r.company_id is null or r.company_id = c.id)
+        """
+
+
 class res_currency_rate(osv.osv):
     _name = "res.currency.rate"
     _description = "Currency Rate"