How to Define and Update Currencies
Currencies and their exchange rates are easily defined and updatable, giving you the power to transact with anyone in the world and accurately capture the costs and revenue associated. Naturally, the system will come equipped with a handful of currencies that are common throughout the world. This helpfile outlines how to add new currencies and amend their exchange rate (if needed).
How to Add a New Currency
- Navigate to Settings > Currencies.
- Click + New Currency.
- Enter a (currency) Code, Description and Symbol.
- Once you're finished, click Save.
You're done!
Additional Information
How to Update a Currency's Exchange Rate
Exchange rates between currencies are known to change. In the case you would like to update your rates, you can do so by clicking the "Update Exchange Rates" button. 
How to View the Exchange Rate History & Manually Define a Rate
To see the previous history of your exchange rates, click the "view exchange rates" button that appears upon hovering over the currency. 
From here, you can click + Add Exchange Rate to manually enter an exchange rate. 
How to Delete a Currency
Currencies can be removed from the system by clicking the trashcan icon that appears upon hovering over the currency. 
How to Handle Multi-Currency Transactions
The native currency of a company is defined at the counterparty level, meaning any future transactions with them will naturally and automatically be set to the currency defined the counterparty was set to. Upon selecting a company on an order or worksheet, the currency that is being used will be displayed next to the company field. 
In the event you transact with a company in more than one currency, we recommend setting up an additional counterparty record for each currency they transact in. Then, at the order or worksheet level, you can select the iteration of the company that has the correlating currency that's being used. This will set the currency of the transaction to the currency they use, and are expecting.
If you have additional questions, please contact the Support Team via email to support@cietrade.net