Configuring Currencies

⏱️ 2 minute read

Your company's currency is defined by an Admin in the Company Details settings page. This currency is known as your company currency.

It's the default currency for all new rate cards and the currency displayed in all Standard and Advanced Reporting.

Additional currencies, known as project currencies, can be added along with their exchange rates in the company's Finance settings, also within the Admin panel.

Project currencies can be applied to specific projects as needed. You must define a single company currency, but you may create as many additional project currencies as needed.

Forecast uses a date-effective financial model for project currencies. Rather than a single rate applying to all your data, each exchange rate is assigned to a specific date range.

This is what keeps your historical financials locked: past revenue and margins stay tied to the rate that was actually in effect at the time, giving you an accurate, point-in-time record without manual spreadsheet reconciliation.

Note: The currency catalogue has been expanded. You can now choose from a wider range of currencies when setting your company currency or adding exchange rates.

Configuring your company's currency

Company currency is defined in Company Details within the Admin panel. This is the default currency used for all rate cards when initially created, as well as the currency used in Standard and Advanced Reporting.

To set your company currency:

Click Admin in the top bar.
Select Company Details from the dropdown.
Scroll down to Currency.
Select a currency from the dropdown.

Adding currencies and exchange rates

Projects are often managed and paid for using a currency other than your company's default currency. This requires calculating project budgets based on a currency conversion, or exchange rate — the result becomes the project currency.

Admins manage these currencies and their exchange rates within Finance settings in the Admin panel. Project currencies are available for selection in rate cards, which are then assigned within each project. You can create as many project currencies as needed.

To create a new currency:

Click Admin in the top bar.
Select Finance from the dropdown.
Go to Currencies.
Click + Add New Currency.
Select the desired currency from the dropdown.
Enter the exchange rate.
Click the ✓ icon.

Managing exchange rate history

Exchange Rate History lets you maintain precise financial calculations by accounting for currency fluctuations over time.

Each rate you add is tied to the date it takes effect, so Forecast automatically applies the exact historical rate to your data based on when specific costs or revenue occur.

Temporal calculations apply to all financial fields across the entire application.

To manage a currency's timeline:

Click the three dots next to the currency pair.
Select View/Add Rate.

The Currency History view

The Currency History view displays a continuous, chronological timeline of exchange rates for that currency. Your company's current date and time is shown at the top of both the currency list and the Currency History view, in your company's timezone.

When you add a new rate, you choose the date it takes effect. The platform automatically caps the prior rate the day before, so there's never a gap in the timeline. Available effective dates run from the day after the most recently added rate up to today.

Status: Current rates display a Current chip, and past rates display a Past chip. The first rate in a currency's history is always labeled Initial. If a currency has only one rate, its active period displays as running from Initial to Onwards.

Dates: Effective dates are saved and displayed as DD MMM YYYY, avoiding any regional format confusion.

Created at: This column shows the exact time a rate was added, displayed in your local timezone with the timezone abbreviation included.

To add a new rate:

Click + Add New Rate.
Choose the effective date from the available date range, and enter the new rate.
Click the blue button to confirm.
Click Save to apply the changes.

Timeline rules and restrictions

Note: Rate history is completely read-only. No row in the history has an action menu, so no individual rate can be edited or deleted — including the Initial rate.

You cannot select a future date for a rate.
Every rate period must last at least one day.
You cannot add an exchange rate for your company currency. All rates are calculated against your company currency, which an Admin sets in Company Details.

Deleting currencies

You can delete a currency as long as it isn't being used by a rate card. Currencies available for deletion display three dots when you hover over them.

Currencies used in rate cards display a lock icon in the currency list instead. Hovering over the lock icon shows:

"This currency is used by a rate card. Therefore it cannot be deleted."

The Delete option isn't offered for these currencies at all.

Note: Deleting a currency permanently deletes every rate in its history. You'll be asked to type DELETE to confirm before the deletion goes through.

To delete a currency:

Click Admin in the top bar.
Select Finance from the dropdown.
Click Currencies.
Find the currency you wish to delete.
Hover over the right side of the currency — three dots will appear.
Click the three dots and select Delete.
Type DELETE to confirm.

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