You can specify the monetary unit or base currency used to store costs for all projects in the database, as well as the monetary unit or view currency used to display costs in windows and dialog boxes.
The exchange rate for the base currency is always 1.0. If you select a different currency than the base currency to view costs, the base currency value is multiplied times the current exchange rate for the view currency to calculate the values displayed in cost fields.
For example, if the base currency is U.S. Dollars, the view currency is Euros, and the exchange rate is €0.75 = $1, a value of $10 stored in the database is displayed as €7.5 in cost fields in windows and dialog boxes. Similarly, if you enter €7.5 in a cost field, it is stored in the database as $10.
Notes
- Only a user with Admin Superuser privileges can change the base currency and define additional view currency types.
- When you enter values in cost fields, they are always displayed in the view currency.
- If you are upgrading from a previous version, you should set up the base currency in the new version before you start adding and changing projects.