Currencies Overview

Currencies Overview Video

Configure currencies in the application to track the cost of your projects in their native currency. For example, if the base currency of your organization is Euros, but your project is located in the United States, you may want to set your project currency to United States Dollars. On pages that support costs, you can view costs in workspace or base currency. You cannot change the currency of a workspace or project once cost data exists.

Base Currency

The base currency is set at the root workspace during company provisioning. The base currency you select should be the currency that the majority of the workspaces and projects will use.

Workspace Currency

Set a workspace currency for any workspace that will not use the base currency. The workspace currency is the currency of record for the workspace, and when cost data is entered it will be in this currency. The workspace currency exchange rate follows the most recent exchange rate defined in the workspace. If workspace currency is selected but is not supported, cost data will display in the base currency. For a currency to be available to use as a workspace currency, an exchange rate must be defined and the sharing method set to Automatic. For more information, see Workspace Currency Overview.

Project Currency

Set project currencies for any projects that will not use the base currency. The project currency exchange rate follows the most recent exchange rates defined in the workspace. On pages that support project costs, you can view costs in the project, workspace, or base currency.