Published at: 2026-09-17
Currencies and exchange rates
Understand how the base currency, transaction currencies, and enterprise exchange rates work together, and what to confirm before enabling multi-currency management.
Key concepts
- Base currency: The currency an enterprise uses for consolidated accounting. An enterprise can set only one base currency, and it cannot be changed afterward.
- Original currency (transaction currency): The currency used by a business record. Different records can use different transaction currencies.
- Exchange rate: The rate used to convert an original-currency amount into the base currency. The official formula is
Base-currency amount = Original-currency amount x Exchange rate.
Capabilities
After multi-currency management is enabled, an administrator can maintain the enterprise’s transaction currencies and exchange rates. The system adds preset currency and exchange-rate fields to objects. These fields do not appear on page layouts automatically; an object administrator must add them where required.
Multi-currency management supports cross-border transactions, overseas branches, and teams that enter business data in different currencies. Before enabling it, the finance or business owner must confirm the base currency, permitted transaction currencies, exchange-rate maintainer, and reporting rules.
[!IMPORTANT] Multi-currency management is a separately enabled product capability. Because the base currency cannot be changed after it is set, confirm and test it before enabling the capability in production.