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On this screen you enter each currency in which you maintain a set of accounting books or in which you plan to invoice. In addition to specifying the currencies you use, you specify the exchange rate to your installation's base currency. Your base currency is denoted in bold and is established at installation creation time. It cannot be changed. If your business operates in more than one currency, you can simply add additional currencies. The base currency is used for all FX conversions. It is also the default currency used in all reports.

Most organizations choose to update their exchange rates periodically. FX rates are locked in at the time an expense is approved, so we typically see organizations update their FX rates twice for each time period that they track. For example, if you track your FX rates monthly you would set a spot rate on the first day of the month. Then on the last day you would look at what actually happened and enter a new, averaged rate for the month. Talk to your controller if you need help determining the process for FX updates. In addition, you might consider automating this process by leveraging our OpsImportFxRates web service.

This form is reached by choosing View | Administration | Setup heading | Currencies and FX Rates

Permissions and Settings

To make changes on this tab you must have the global permission Currencies and Foreign Exchange Rates set to Update.

You cannot future date exchange rates.

Currencies are applied to:

EntityDescription
Companys Each company has a currency associated with it. Once a currency is applied to a company, it cannot be changed. The currency you choose for your company should match the currency its accounting books are kept in.
LocationsLocations only come into play when filling out expense documents. The incurred location determines what Projector thinks the default incurred currency will be. For example, if a cost card's location is in Ireland, we'll assume you paid in Euros. See the location editor if you wish to change the default currency.
Rate Cards

Each engagement has a rate card. The currency of that rate card determines:

  • The engagement's currency 
  • Currency the invoice will be in


Invoices

FX rates for invoiced expenses are determined by the engagement's billing currency and the incurred currency. The FX rate is locked in place at the moment a time card is approved. A recalculation can be forced by unapproving and reapproving the expense or by transferring it to a project (including the project it is already on). Please see the FX Rates, Expenses, Invoicing, and Reports help page to learn more about how FX rates work with invoicing.

Reports

Reports use the bolded currency by default. If you choose to change the report currency, then the FX rates specified on this page are used for conversion.

Expense Entry

FX rates for expense entry can be driven by this editor, by a spot rate feed, or by manual entry. Please see the FX Rates, Expenses, Invoicing, and Reports help page to learn more about how FX rates work with expense reporting. Although expense reporting can be driven by the FX rates specified here, most organizations are best off using our XE.com spot feed.

Manage Currencies

The main screen shows all the active currencies in your installation. Here you can add, edit, delete, and inactivate them. To view inactive currencies, tick the Inactive checkbox.

Add

Click the Add Currency box at the bottom of the main window.

Edit

Double click on any currency. See below to learn more about the editor.

Delete

Right click on any currency and choose Delete Currency. You cannot delete your base currency, the one in bold. If a currency is in use on a rate card then you will not be able to delete it. You should inactivate it instead.

Inactivate

Edit any currency and tick the Inactive checkbox. You cannot inactivate your base currency, the one in bold.

Mass Update Exchange Rates

Most organizations will update all their exchange rates at the same time. Often once a month. In order to expedite this process Projector provides a dialog where you can update all your FX rates for a single date at once. To start, click the Update Foreign Exchanges Rates button at the bottom of the browser.

In the dialog, choose a new Effective Date. In one of the Value columns enter the FX rate. The other column will autocalculate. FX rate changes only affect expenses that are approved after your changes or are transferred after your changes.

You cannot future date FX rates.

Currency Editor

When you edit a currency you are presented with the following dialog. It contains a history of all your FX rates. See the table below for an explanation of each control. FX rate changes only affect expenses that are approved after your changes or are transferred after your changes.

SettingDescription
CurrencyThis field is only editable when you are adding a new currency. If a currency you require is not listed, please contact Projector support to see about having it added.
Currency CodeThis field is used for mapping your currency to your accounting package. In general you should not need to edit this field. Projector auto-populates it based with the accepted ISO code based on the choice you made in the currency dropdown list. The only time you would need to change it is if your accounting package uses non-ISO currency codes.
Begin Date / End DateAs your exchange rate history can become very long over time, you can query for a subset of that data by entering a start and end date. You cannot future date exchange rates.
Ellipsis (...)

Edit time periods or add new time periods by clicking the ellipsis button, (...). You can only choose a date before today. That's because you can't know the rate in the future! Typically you only add rates for new, future periods. But occasionally you may want to edit historical rates. In these cases two special circumstances may arise.

If you select a date that is between two existing dates then Projector needs you to decide how you want to fill the gap in time. You can either move the previous period forward, or the next period back.


If you select a new date that completely consumes an existing period, then Projector warns you. The period dates will shift and any completely overlapped periods are removed.


Supported Currencies

As of July 2021, Projector supports 153 currencies.


Currency CodeCurrency Name
USDUnited States Dollars
AEDUnited Arab Emirates Dirhams
AFNAfghan Afghanis
ALLAlbanian Leke
AMDArmenian Drams
ANGNetherlands Antillean Guilders
AOAAngolan Kwanza
ARSArgentine Pesos
AUDAustralian Dollars
AWGAruban Florins
AZNAzerbaijan Manats
BAMBosnia and Herzegovina Convertible Marka
BBDBarbados Dollars
BDTBangladeshi Taka
BGNBulgarian Leva
BHDBahraini Dinars
BIFBurundian Francs
BMDBermuda Dollars
BNDBrunei Darussalam Dollars
BOBBolivian Bolivianos
BRLBrazilian Real
BSDBahamian Dollars
BTNBhutanese Ngultrum
BWPBotswana Pulas
BYNBelarusian New Rubles
BZDBelize Dollars
CADCanadian Dollars
CDFCongo/Kinshasa Francs
CHFSwiss Francs
CLPChilean Pesos
CNYChinese Yuan Renminbi
COPColombian Pesos
CRCCosta Rican Colones
CUPCuban Pesos
CVECape Verde Escudos
CZKCzechian Koruny
DJFDjiboutian Francs
DKKDanish Kroner
DOPDominican Republic Pesos
DZDAlgerian Dinars
EGPEgyptian Pounds
ERNEritrean Nakfa
ETBEthiopian Birr
EUREuros
FJDFijian Dollars
FKPFalkland Islands (Malvinas) Pounds
GBPUnited Kingdom Pounds
GELGeorgian Lari
GHSGhanaian Third Cedis
GIPGibraltar Pounds
GMDGambian Dalasi
GNFGuinean Francs
GTQGuatemalan Quetzales
GYDGuyanese Dollars
HKDHong Kong Dollars
HNLHonduran Lempiras
HRKCroatian Kuna
HTGHaitian Gourdes
HUFHungarian Forint
IDRIndonesian Rupiahs
ILSIsraeli New Shekels
INRIndian Rupees
IQDIraqi Dinars
IRRIranian Rials
ISKIcelandic Kronur
JMDJamaican Dollars
JODJordanian Dinars
JPYJapanese Yen
KESKenyan Shillings
KGSKyrgyzstani Soms
KHRCambodian Riels
KMFComorian Francs
KPWKorean (North) Won
KRWKorean (South) Won
KWDKuwaiti Dinars
KYDCayman Islands Dollars
KZTKazakhstani Tenge
LAKLao Kips
LBPLebanese Pounds
LKRSri Lankan Rupees
LRDLiberian Dollars
LSLLesotho Maloti
LYDLibyan Dinars
MADMoroccan Dirhams
MDLMoldovan Lei
MGAMalagasy Ariary
MKDMacedonia Denars
MMKMyanmar (Burma) Kyats
MNTMongolian Tugriks
MOPMacau Patacas
MRUMauritania Ouguiyas
MURMauritian Rupees
MVRMaldives (Maldive Islands) Rufiyaa
MWKMalawian Kwachas
MXNMexican Pesos
MYRMalaysian Ringgits
MZNMozambican Meticais
NADNamibian Dollars
NGNNigerian Nairas
NIONicaraguan Gold Cordobas
NOKNorwegian Kroner
NPRNepalese Rupees
NZDNew Zealand Dollars
OMROmani Rials
PABPanamanian Balboas
PENPeru Sols
PGKPapua New Guinea Kina
PHPPhilippine Pesos
PKRPakistan Rupees
PLNPolish Zlotych
PYGParaguay Guarani
QARQatari Rials
RONRomanian Lei
RSDSerbian Dinars
RUBRussian Roubles
RWFRwandan Francs
SARSaudi Arabian Riyals
SBDSolomon Islands Dollars
SCRSeychelles Rupees
SDGSudanese Pounds
SEKSwedish Kronor
SGDSingapore Dollars
SLLSierra Leonean Leones
SOSSomalian Shillings
SPLSeborga Luigini
SRDSuriname Dollars
STNSão Tome and Principe Dobras
SYPSyrian Pounds
SZLEswatini Emalangeni
THBThai Baht
TJSTajikistan Somoni
TMTTurkmenistan Manats
TNDTunisian Dinars
TOPTongan Pa'anga
TRYTurkish Liras
TTDTrinidad and Tobago Dollars
TWDTaiwanese New Dollars
TZSTanzanian Shillings
UAHUkrainian Hryvnia
UGXUganda Shillings
UYUUruguayan Pesos
UZSUzbekistani Soms
VESVenezuelan Bolívares Soberanos
VNDViet Nam Dong
VUVVanuatu Vatu
WSTSamoan Tala
XAFCommunauté Financière Africaine BEAC Francs
XCDEast Caribbean Dollars
XOFCommunauté Financière Africaine BCEAO Francs
XPFComptoirs Français du Pacifique Francs
YERYemeni Rials
ZARSouth African Rand
ZMWZambian Kwacha








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