Knowledge Base Home
Contact Us
Sign in
  1. Knowledge Base Home
  2. Accounting & Finance Teams
  3. Currency
  1. Currency
  • December 22, 2022 21:39
  • Updated

When I update the base currency exchange rate, what happens to historical data?

 Answer:

Procurify stores the currency rate values when an item is approved and purchased. Updating the base currency rates doesn't affect values already calculated with the previous rate. The same rule applies to Purchaser Order creation. Procurify locks in the previously applied currency rate.

 

Procurify Budgets does not support switching the base currency.  It is recommended that you avoid switching the base currency when considering the impact on the Budget.

  • Purchase and Billed amounts will maintain their original base currency. 
  • Pending and Approved will use the new base currency. 

 

Additional Information:

  • FAQ: Currency 
Was this article helpful?
0 out of 0 found this helpful
Return to top