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I have 2 bank accounts listed in icompta, a singapore account in SGD and a british account in GBP.

Some times i will cover a bill in SGD for friends, i then split it this out to each of them and they will pay me back into my british account in GBP. This works fine on the day i update Icompta but once i come back to update my accounts again say a month later there will normally be a money owed appearing under persons name.

Is this due to the changing exchange rate and as so the amounts owed have changed a little?

at the moment my work around is to have a fake transaction to compensate for what ever the new money owed is each time I open icompta.

Is there another way to fix this? or a way to freeze a transaction at a certain exchange rate once paid back?

Yes this is because of the exchange rate. To avoid that you can set the currency of your person account and the currency of your friends accounts to GBP.