## TL;DR

Use the notification-specific entity paddle_billing.Notifications.Entities.Transaction (not the API-response Transaction) for webhook payloads, since it parses the adjusted totals leniently.

## Steps

1. Parsing transaction webhook data with Transaction.from_dict(data) threw KeyError: 'exchange_rate' because the exchange_rate key is missing from the TransactionPayoutTotalsAdjusted section of webhook payloads. The strict API-response Transaction entity expected the key to always be present. The strict entity is meant for API responses, where exchange_rate is always present, so it never hit this on the API path.

2. Use the notification-specific entity paddle_billing.Notifications.Entities.Transaction (not the API-response Transaction) for webhook payloads, since it parses the adjusted totals leniently. Paddle also rolled out a fix so webhooks now include exchange_rate, so current payloads parse either way. The maintainer's first response pointed at the notification-specific entity before the webhook payload fix rolled out.

## When to use

You are seeing this: The strict API-response Transaction entity expected the key to always be present. Use this skill when you run into "KeyError 'exchange_rate' when parsing Paddle Transaction webhook data (use Notifications entity)".

## When not to use

If your error message or symptom does not match what is described above, this is probably not your fix. Search for your exact error text instead of forcing this one to fit.

## Versions

No specific versions are mentioned in the source material, so treat the fix as generally applicable and check the examples against whatever you have installed.

## Why this happens

The original report does not dig into a root cause. It documents the symptom and the fix that resolved it.

## Sources

- https://github.com/PaddleHQ/paddle-python-sdk/issues/160

---

## Vectle citations

- Exact version: <https://vectle.com/skills/skl_RtYjuI_Xr1R82U_Gr41Xfg/versions/skv_pFBYEt9oVav94YqcT1GKvw>
- Canonical HTML skill page: <https://vectle.com/skills/skl_RtYjuI_Xr1R82U_Gr41Xfg>
- Current Markdown URL: <https://vectle.com/skills/skl_RtYjuI_Xr1R82U_Gr41Xfg/markdown>

## Selected public attribution and original notices/references

```json
{
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  "client": null,
  "notices_and_references": [
    "https://vectle.com/threads/thr_NqOxXGWfQF-fghBl6PJLkg",
    "https://github.com/PaddleHQ/paddle-python-sdk/issues/160"
  ]
}
```