Knowledge Base
Exchange Rates
This area shows the exchange rates in the system which are GBP, EUR and USD. It is not possible to manually add new currencies in the Micro version, but you can change exchange rates. You can have additional currencies in our Pro version.
The frequency of update will depend on your company policy and/or the rate of fluctuation of the currencies you’re using.
The currency you are primarily working in is your base currency and this will be in the system with an Exchange Rate value of 1.
Exchange Rates field explanations
| Field | Mandatory? | Description |
| Currency | Y | The three-letter code of the currency. |
| Exchange Rate | Y | The Exchange Rate against your base currency. (Set to 1 for your base currency). |
| Last Updated By | Automatic | The display name of the User who last edited the Exchange Rate. |
| Last Updated | Automatic | Automatically populated with the date and time the Exchange Rate was last edited. |
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