diff --git a/oxrlib/commands/historical.py b/oxrlib/commands/historical.py
index 0e578874423938c75acec7ac5d4b00118b176e60..dc338cda3c75f3355b7d5975fd66ce3a4f5c9bee 100644
--- a/oxrlib/commands/historical.py
+++ b/oxrlib/commands/historical.py
@@ -43,17 +43,33 @@ class Formatter:
         return decimal.Decimal(amt_s)
 
     def normalize_rate(self, rate, prec=None):
-        return rate
+        if prec is None:
+            prec = self.rate_prec
+        _, digits, exponent = rate.normalize().as_tuple()
+        # Return ``prec`` nonzero digits of precision, if available.
+        prec -= min(0, exponent + len(digits))
+        quant_to = '1.{}'.format('0' * prec)
+        try:
+            qrate = rate.quantize(decimal.Decimal(quant_to))
+        except decimal.InvalidOperation:
+            # The original rate doesn't have that much precision, so use it raw.
+            qrate = rate
+        return qrate.normalize()
 
-    def format_rate(self, rate):
-        return "{:g}".format(rate)
+    def format_rate(self, rate, curr, fmt='{}', prec=None):
+        rate_s = self.format_currency(
+            self.normalize_rate(rate, prec),
+            curr,
+            currency_digits=False,
+        )
+        return fmt.format(rate_s)
 
     def format_rate_pair(self, from_curr, to_curr):
-        from_amt = 1
+        from_amt = decimal.Decimal(1)
         to_amt = self.cost_rates.convert(from_amt, from_curr, to_curr)
-        return "{} {} = {} {}".format(
-            self.format_rate(from_amt), from_curr,
-            self.format_rate(to_amt), to_curr,
+        return "{} = {}".format(
+            self.format_rate(from_amt, from_curr),
+            self.format_rate(to_amt, to_curr),
         )
 
     def format_rate_pair_bidir(self, from_curr, to_curr, sep='\n'):
@@ -81,28 +97,6 @@ class BeancountFormatter(Formatter):
         else:
             return self.price_rates.convert(from_amt, from_curr, to_curr)
 
-    def normalize_rate(self, rate, prec=None):
-        if prec is None:
-            prec = self.rate_prec
-        _, digits, exponent = rate.normalize().as_tuple()
-        # Return ``prec`` nonzero digits of precision, if available.
-        prec -= min(0, exponent + len(digits))
-        quant_to = '1.{}'.format('0' * prec)
-        try:
-            qrate = rate.quantize(decimal.Decimal(quant_to))
-        except decimal.InvalidOperation:
-            # The original rate doesn't have that much precision, so use it raw.
-            qrate = rate
-        return qrate.normalize()
-
-    def _pretty_rate(self, fmt, rate, curr):
-        rate_s = self.format_currency(
-            self.normalize_rate(rate),
-            curr,
-            currency_digits=False,
-        )
-        return fmt.format(rate_s)
-
     def format_rate_pair(self, from_curr, to_curr):
         from_amt = 1
         cost = self.cost_rates.convert(from_amt, from_curr, to_curr)
@@ -110,11 +104,11 @@ class BeancountFormatter(Formatter):
         if price is None:
             price_s = ''
         else:
-            price_s = self._pretty_rate(self.PRICE_FMT, price, to_curr)
+            price_s = self.format_rate(price, to_curr, self.PRICE_FMT)
         return "{} {} {}{}".format(
             from_amt,
             from_curr,
-            self._pretty_rate(self.COST_FMT, cost, to_curr),
+            self.format_rate(cost, to_curr, self.COST_FMT),
             price_s,
         )
 
@@ -137,10 +131,10 @@ class BeancountFormatter(Formatter):
         if price is None:
             price_s = ''
         else:
-            price_s = self._pretty_rate(self.PRICE_FMT, price, denomination)
+            price_s = self.format_rate(price, denomination, self.PRICE_FMT)
         return "{} {}{}".format(
             amt_s,
-            self._pretty_rate(self.COST_FMT, cost, denomination),
+            self.format_rate(cost, denomination, self.COST_FMT),
             price_s,
         )