Exchange gain losss

For capital assets it can be capitalized...

If the price grows expense it as a loss. If it decreases from the purchase date treat it as a gain. 

Fx gain or loss is directly taken to euity or oci depending upon the recycling, first, subsequent treatments and balances in revaluation reserves. It cant be a liability. Make a rectification and transfer it off. 

If you meant owners equity ledger,

Dr. Owners equity

Cr. Reserves