diff --git a/src/libs/TransactionUtils/index.ts b/src/libs/TransactionUtils/index.ts
index 744b771e2529..c502e66725fb 100644
--- a/src/libs/TransactionUtils/index.ts
+++ b/src/libs/TransactionUtils/index.ts
@@ -870,9 +870,13 @@ function getMerchant(transaction: OnyxInputOrEntry<Transaction>, policyParam: On
         const mileageRate = DistanceRequestUtils.getRate({transaction, policy});
         const {unit, rate} = mileageRate;
         const distanceInMeters = getDistanceInMeters(transaction, unit);
-        if (policy?.customUnits && !isUnreportedAndHasInvalidDistanceRateTransaction(transaction, policy)) {
+        if (
+            (policy?.customUnits && !isUnreportedAndHasInvalidDistanceRateTransaction(transaction, policy)) ||
+            // If modifiedMerchant is empty but modifiedCurrency exists, recalculate the merchant
+            (!transaction?.modifiedMerchant && transaction?.modifiedCurrency)
+        ) {
             // eslint-disable-next-line @typescript-eslint/no-deprecated
-            return DistanceRequestUtils.getDistanceMerchant(true, distanceInMeters, unit, rate, transaction.currency, translateLocal, (digit) =>
+            return DistanceRequestUtils.getDistanceMerchant(true, distanceInMeters, unit, rate, getCurrency(transaction), translateLocal, (digit) =>
                 toLocaleDigit(IntlStore.getCurrentLocale(), digit),
             );
         }
diff --git a/src/pages/iou/request/step/IOURequestStepAmount.tsx b/src/pages/iou/request/step/IOURequestStepAmount.tsx
index 4f3a3369e3f0..8d30083755b5 100644
--- a/src/pages/iou/request/step/IOURequestStepAmount.tsx
+++ b/src/pages/iou/request/step/IOURequestStepAmount.tsx
@@ -23,7 +23,7 @@ import {getParticipantsOption, getReportOption} from '@libs/OptionsListUtils';
 import {isPaidGroupPolicy} from '@libs/PolicyUtils';
 import {getPolicyExpenseChat, getReportOrDraftReport, getTransactionDetails, isPolicyExpenseChat, isSelfDM, shouldEnableNegative} from '@libs/ReportUtils';
 import {shouldRestrictUserBillableActions} from '@libs/SubscriptionUtils';
-import {calculateTaxAmount, getAmount, getCurrency, getDefaultTaxCode, getRequestType, getTaxValue} from '@libs/TransactionUtils';
+import {calculateTaxAmount, getAmount, getCurrency, getDefaultTaxCode, getRequestType, getTaxValue, isDistanceRequest, isExpenseUnreported} from '@libs/TransactionUtils';
 import MoneyRequestAmountForm from '@pages/iou/MoneyRequestAmountForm';
 import {
     getMoneyRequestParticipantsFromReport,
@@ -130,6 +130,7 @@ function IOURequestStepAmount({
     // eslint-disable-next-line rulesdir/no-negated-variables
     const shouldShowNotFoundPage = useShowNotFoundPageInIOUStep(action, iouType, reportActionID, report, transaction);
     const shouldGenerateTransactionThreadReport = !isBetaEnabled(CONST.BETAS.NO_OPTIMISTIC_TRANSACTION_THREADS);
+    const isUnreportedDistanceExpense = isEditing && isDistanceRequest(transaction) && isExpenseUnreported(transaction);
 
     const isASAPSubmitBetaEnabled = isBetaEnabled(CONST.BETAS.ASAP_SUBMIT);
     const [transactionViolations] = useOnyx(ONYXKEYS.COLLECTION.TRANSACTION_VIOLATIONS, {canBeMissing: true});
@@ -407,6 +408,7 @@ function IOURequestStepAmount({
                 allowFlippingAmount={!isSplitBill && allowNegative}
                 selectedTab={iouRequestType as SelectedTabRequest}
                 chatReportID={reportID}
+                isCurrencyPressable={!isUnreportedDistanceExpense}
             />
         </StepScreenWrapper>
     );