Managing Currencies

This article shows how to define multiple currencies and set the default currency.

Overview

ResourceFirst allows for managing multiple currencies. Administrators can define currencies to be used for a country, along with a default currency.

The currency will be applied to every resource or assignment record that contains the corresponding country, and can be defined with a precision up to 6 decimal points. Currencies can have their unique symbols displayed in the views.

Currently, these currency exchange rates are only loadable via API and cannot be edited directly.

Cost/Financial data can be converted from local currency to the default currency.  To enable this, go to Data Options (leftmost icon below) and check the “Cost in Default Currency” option. This allows totals to make sense, since all currencies will be converted to the default currency.