diff --git a/src/gnome-utils/dialog-transfer.c b/src/gnome-utils/dialog-transfer.c
index 646df5b19a..fd4574535a 100644
--- a/src/gnome-utils/dialog-transfer.c
+++ b/src/gnome-utils/dialog-transfer.c
@@ -2113,6 +2113,7 @@ gboolean gnc_xfer_dialog_run_exchange_dialog(
         if (!gnc_numeric_zero_p(*exch_rate))
             *exch_rate = gnc_numeric_div(gnc_numeric_create(1, 1), *exch_rate,
                                          GNC_DENOM_AUTO, GNC_DENOM_REDUCE);
+        amount = gnc_numeric_neg(amount);
     } else {
         gnc_xfer_dialog_select_to_currency(xfer, xfer_com);
         gnc_xfer_dialog_select_from_currency(xfer, txn_cur);