Company > Currencies Set Exchange Rates | View Exchange Rates | Multi-currency Exchange Rates You can override current exchange rates for your company by clicking on the "Set exchange rates" link, and entering the exchange rate your company users for particular currencies in the field adjacent to each currency. > To set exchange rates: 1. In the My Account module, click on the "Company" tab. 2. Click on the "Currencies" sub-tab, and then on the "Set exchange rates" link. 3. Enter the override rate in the field adjacent to the relevant foreign currency. 4. Click on the "Save" button. Note: The override rate will be used if you select that currency in a foreign currency receipt. Clicking on the "View exchange rates" link will show you today's exchange rates for major world currencies. > To view exchange rates: 1. In the My Account module, click on the "Company" tab. 2. Click on the "Currencies" sub-tab, and then on the "View exchange rates" link. The list of currencies currently available to your account will be listed. Both the market exchange rates (compared to your base currency) and any company-specific exchange rates will be listed. If a currency that you would like to use is not listed, please contact OpenAir support. Multi-currency Your account can be set up to handle multiple currencies. This lets users record transactions in different currencies and have them automatically convert into a "base currency" where appropriate. To set up multiple currencies: 1. In the My Account module, click on the "Company" tab. 2. Click on the "Currencies" sub-tab, and then on the "Multi-currency" link. 3. Click the "enable mutiple currencies" box and click "Save". 4. Once you have enabled multiple currencies, you can select the currencies you want as "base currencies" throughout the account and store them by clicking "Save". Base currencies are the primary currencies into which you want to aggregate different currency information. For example, you may want users in different countries to be able to track expenses and billable time in their home currencies, but to bill clients in a single currency. In this case, the currency for invoicing should be selected as a base currency. In addition to invoicing, base currencies are useful for consolidated reporting, creating single-currency expense reports, purchase requests, or purchase orders from items in different currencies. Note: Once you activate this feature, users will be asked to choose a currency every time they create a transaction, such as an expense receipt. The first "base currency" you select here will be the default currency across the account. Note: Currencies can be added or removed at any time without affecting existing records, since all transactions are stored in the original currency in which they were created and with the exhange rates at the time of creation. Note: It is not necessary to select a currency as a base currency in order to track expenses in that currency. You can create expense receipts in any currency by creating a foreign currency receipt.