diff --git a/addons/product/models/product_template.py b/addons/product/models/product_template.py
index 5fc5354b946..7017e17f177 100644
--- a/addons/product/models/product_template.py
+++ b/addons/product/models/product_template.py
@@ -208,7 +208,9 @@ class ProductTemplate(models.Model):
     @api.depends('company_id')
     @api.depends_context('company')
     def _compute_cost_currency_id(self):
-        self.cost_currency_id = self.company_id.currency_id or self.env.company.currency_id.id
+        env_currency_id = self.env.company.currency_id.id
+        for template in self:
+            template.cost_currency_id = template.company_id.currency_id.id or env_currency_id
 
     def _compute_template_field_from_variant_field(self, fname, default=False):
         """Sets the value of the given field based on the template variant values