diff --git a/erpnext/accounts/utils.py b/erpnext/accounts/utils.py
index d00b5dc522e..e0f0e3bd2a8 100644
--- a/erpnext/accounts/utils.py
+++ b/erpnext/accounts/utils.py
@@ -348,8 +348,8 @@ def get_actual_expense(args):
 def get_currency_precision(currency=None):
 	if not currency:
 		currency = frappe.db.get_value("Company",
-			frappe.db.get_default("company"), "default_currency")
-	currency_format = frappe.db.get_value("Currency", currency, "number_format")
+			frappe.db.get_default("company"), "default_currency", cache=True)
+	currency_format = frappe.db.get_value("Currency", currency, "number_format", cache=True)
 
 	from frappe.utils import get_number_format_info
 	return get_number_format_info(currency_format)[2]
diff --git a/erpnext/controllers/accounts_controller.py b/erpnext/controllers/accounts_controller.py
index c6224787289..fa6e63a35f3 100644
--- a/erpnext/controllers/accounts_controller.py
+++ b/erpnext/controllers/accounts_controller.py
@@ -358,7 +358,7 @@ def get_taxes_and_charges(master_doctype, master_name, tax_parentfield):
 def validate_conversion_rate(currency, conversion_rate, conversion_rate_label, company):
 	"""common validation for currency and price list currency"""
 
-	company_currency = frappe.db.get_value("Company", company, "default_currency")
+	company_currency = frappe.db.get_value("Company", company, "default_currency", cache=True)
 
 	if not conversion_rate:
 		throw(_("{0} is mandatory. Maybe Currency Exchange record is not created for {1} to {2}.").format(
diff --git a/erpnext/setup/utils.py b/erpnext/setup/utils.py
index b4ae5ef6cf6..e3a034c787b 100644
--- a/erpnext/setup/utils.py
+++ b/erpnext/setup/utils.py
@@ -7,7 +7,7 @@ from frappe import _, throw
 from frappe.utils import flt
 
 def get_company_currency(company):
-	currency = frappe.db.get_value("Company", company, "default_currency")
+	currency = frappe.db.get_value("Company", company, "default_currency", cache=True)
 	if not currency:
 		currency = frappe.db.get_default("currency")
 	if not currency:
diff --git a/erpnext/stock/stock_ledger.py b/erpnext/stock/stock_ledger.py
index 5bb2f0c5175..954a03b3bf6 100644
--- a/erpnext/stock/stock_ledger.py
+++ b/erpnext/stock/stock_ledger.py
@@ -98,7 +98,7 @@ class update_entries_after(object):
 
 		self.company = frappe.db.get_value("Warehouse", self.warehouse, "company")
 		self.precision = get_field_precision(frappe.get_meta("Stock Ledger Entry").get_field("stock_value"),
-			currency=frappe.db.get_value("Company", self.company, "default_currency"))
+			currency=frappe.db.get_value("Company", self.company, "default_currency", cache=True))
 
 		self.prev_stock_value = self.previous_sle.stock_value or 0.0
 		self.stock_queue = json.loads(self.previous_sle.stock_queue or "[]")