The currencies set in your account determines what currency your opportunities and orders are shown in.
This is the default currency in which your opportunity, sales, and reports are calculated with.
Currencies can at most contain two decimals eg. 01.00
With multi-currency activated, you can add more currencies in your opportunities, orders, and reports. These currencies have a currency rate that you can edit.
Here's how the currency rate works:
Check out Martin's video on how to set up currencies for your different teams:
When adding a new currency the rate starts at 1. This means that one unit of the master currency is equal to one unit of the currency you are adding. This is probably not the case, and here's how to change this:
1 Sub currency = XX.XX Master currency
How many units of my master currency is equal to 1 unit of my sub currency.
When you know the answer, input the value in the sub-currency Currency rate field.
Let's say your master currency is SEK and you want to add EUR as a sub currency:
A Google search for SEK to EUR tells me that 1 EUR equals 10.44 SEK right now. This is the number you want to input in the sub currency's currency rate field for EUR.
Install Fixer to automatically update exchange rates
Fixer is a simple and lightweight API for current and historical foreign exchange (forex) rates. The app will allow you to automatically update exchange rates for multiple currencies in Upsales.
Currency rates are changed manually by the administrators of your account.
Currency settings can be found in Upsales settings under Account. Viewing/editing currencies require administrator access.