CURRENCY & FX
Keep different currencies in one financial picture.
Choose your base currency, configure exchange rates and understand how MoniTrak converts foreign-currency activity for consolidated reporting and planning.
5 guidesCURRENCY & FX HELP
Start with your base currency.
Then configure the currencies and exchange rates MoniTrak needs to keep foreign-currency activity understandable across your workspace.
Set your base currency
Choose the currency MoniTrak uses for consolidated reporting, planning and financial summaries.
3 min readAdd and manage exchange rates
Configure foreign currencies, exchange rates and the effective dates MoniTrak uses for conversion.
4 min readRecord a transaction in another currency
Enter foreign-currency income or expenses and see how MoniTrak converts them into your base currency.
5 min readUnderstand foreign-currency accounts
Keep an account's native balance visible while understanding its current value in your base currency.
4 min readUnderstand FX across MoniTrak
See how converted values flow into Overview, Reports, Budget, Forecast and other consolidated views.
4 min readBASE CURRENCY
One currency keeps the wider financial picture consistent.
Accounts and transactions can remain in their original currencies while MoniTrak uses your base currency for consolidated summaries, reporting and planning.
Original transaction currencies and native foreign-account balances remain visible.
FOREIGN-CURRENCY ACTIVITY
Convert activity using the configured FX rate.
When a transaction uses another currency, MoniTrak keeps the original amount and also calculates its value in your selected base currency.
TWO FX BEHAVIORS
Transactions and account balances use FX differently.
Historical transactions keep the exchange rate used when they were recorded, while a foreign-currency account can show its current base-currency equivalent using the latest configured rate.
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