Currency Settings

The Currency tab controls which currencies are available in the platform and how they're handled. This is where you set your default currency and enable the currencies you trade in.

Default Currency

Your default currency is the primary currency used throughout the platform.

What It Affects

  • Default selection when creating new items

  • Dashboard summary displays

  • Report totals (when viewing single currency)

How to Set

  1. Click the Default Currency dropdown

  2. Select your preferred currency (e.g., "USD - US Dollar")

  3. Click Save Changes

Choosing Your Default

Choose the currency you:

  • Use most frequently

  • Report taxes in

  • Think about your business in

If you primarily trade USD accounts and live in the US, USD is the obvious choice. If you're in Europe trading EUR accounts, choose EUR.

Enable Currencies

This section controls which currencies appear in dropdown menus throughout the platform. Currencies are organized by region.

Major Currencies

The most commonly traded currencies:

  • USD — US Dollar

  • EUR — Euro

  • GBP — British Pound

  • JPY — Japanese Yen

  • CHF — Swiss Franc

  • AUD — Australian Dollar

  • CAD — Canadian Dollar

  • NZD — New Zealand Dollar

Americas

Regional currencies for North and South America:

  • ARS — Argentine Peso

  • BRL — Brazilian Real

  • COP — Colombian Peso

  • MXN — Mexican Peso

Europe

Additional European currencies:

  • CZK — Czech Koruna

  • DKK — Danish Krone

  • HUF — Hungarian Forint

  • NOK — Norwegian Krone

  • SEK — Swedish Krona

  • TRY — Turkish Lira

Asia & Middle East

Asian and Middle Eastern currencies:

  • CNY — Chinese Yuan

  • HKD — Hong Kong Dollar

  • INR — Indian Rupee

  • SGD — Singapore Dollar

  • KRW — South Korean Won

  • THB — Thai Baht

Africa

African currencies:

  • ZAR — South African Rand

How to Enable/Disable

Each currency has a toggle switch:

  • Green (On) — Currency appears in dropdowns

  • Gray (Off) — Currency is hidden from dropdowns

Toggle the currencies you need and click Save Changes.

What to Enable

Only enable currencies you actually use. This keeps dropdown menus clean and prevents accidental selection of wrong currencies.

Enable if you:

  • Have challenges or accounts in that currency

  • Receive payouts in that currency

  • Pay expenses in that currency

Disable if you:

  • Never trade or transact in that currency

  • Want cleaner dropdown menus

Exchange Rates

This section lets you set manual exchange rates for currency conversion in reports.

How It Works

You can set exchange rates relative to your default currency. For example, if your default is EUR:

  • Enter the rate for 1 EUR = X USD

  • Enter the rate for 1 EUR = X GBP

Setting Exchange Rates

  1. Find the currency in the Exchange Rates table

  2. Enter the rate in the "Rate" column

  3. Click Save Changes

Last Updated

The table shows when each rate was last updated. You can click Refresh to update rates (if automatic rate fetching is available).

When to Use

Exchange rates are optional. By default, the platform tracks each currency separately without conversion.

Use exchange rates when:

  • You want to see combined totals in one currency

  • Preparing reports that require currency conversion

  • Your accountant needs values in your local currency

Important Notes

  • Exchange rates fluctuate constantly

  • Manual rates are snapshots in time

  • Consult your accountant about which rates to use for tax purposes

Saving Changes

Each section has its own Save Changes button:

  • Default Currency section

  • Enable Currencies section

  • Exchange Rates section

Click the appropriate Save button after making changes in each section.

Best Practices

Start with What You Need

Enable only the currencies you currently use. You can always enable more later.

Keep Your Default Current

If your business focus changes (e.g., you start trading more EUR accounts), update your default currency.

Update Exchange Rates Periodically

If you use exchange rates, update them monthly or quarterly for reasonable accuracy.

Match Your Tax Requirements

Some jurisdictions require specific exchange rates (daily rate, monthly average, year-end rate). Confirm with your accountant.

Common Questions

What if I disable a currency I've already used? Existing data remains intact. You just won't be able to create new items in that currency until you re-enable it.

Do I need to set exchange rates? No. The platform works fine tracking each currency separately. Exchange rates are optional for those who want combined reporting.

Can I change my default currency later? Yes, you can change it anytime. Existing data stays in its original currency.

Why can't I find a currency I need? The platform supports the most common trading currencies. If you need one that's not listed, contact support.

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