01
Start a new account
Open Accounts and choose Add account, just as you would when adding an account held in your base currency.
ACCOUNTSAdd another account
ACCOUNTS
ACCOUNTS
Add a foreign-currency account
Track an account held in another currency while keeping its original balance connected to your base financial view.
4 min readBEFORE YOU START
Have the account and currency details ready.
MoniTrak needs the original account information before it can represent the balance in your broader financial picture.
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A name for the foreign-currency account
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The account type
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The currency the account is held in
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The current balance in that currency
STEP BY STEP
Let's get it set up.
02
Choose the account currency
Select the currency in which the account balance is actually held. Keep the original currency attached to the account rather than converting the balance yourself.
CURRENCYChoose account currency
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The account's original currency should describe the balance held by that account. Your base currency is used separately for the broader reporting view.
03
Enter the balance in its original currency
Enter the account balance using the currency selected for the account. In this example, the USD savings account holds USD 10,000.
ACCOUNT NAMEUSD Savings
CURRENCYUSD
CURRENT BALANCEUSD 10,000
04
Review the converted value
MoniTrak can show the original balance alongside an estimated value in your base currency using the FX rate applied in your workspace.
ORIGINAL BALANCEUSD 10,000
×ILLUSTRATIVE FX RATE3.6725
=ESTIMATED AED VALUEAED 36,725
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Converted values are estimates based on the FX rate being used. Actual bank conversion rates, spreads and transaction costs can differ.
WHAT HAPPENS NEXT?
Both the original balance and its base-currency value stay visible.
This helps you understand the account in its own currency while still connecting it to your broader MoniTrak financial picture.
USD
USD SavingsSavings · USD
ORIGINAL BALANCEUSD 10,000
ESTIMATED AED VALUEAED 36,725
Illustrative FX rate used for this example.
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