Manage Multiple Currencies

Companies can use multiple currencies in opportunities, forecasts, reports, quotes, and other currency fields. The administrator sets the corporate currency, which reflects the currency of the corporate headquarters. The administrator also maintains the list of active currencies and their conversion rates relative to the corporate currency. The active currencies represent the countries in which the company does business. Only active currencies can be used in currency amount fields.

Each user has a personal currency, which is used as the default currency in quotas, opportunities, quotes, and reports. Users can also create opportunities and enter amounts using other active currencies.

All standard and custom object records with currency fields have a field that specifies the currency to use for all amount fields in that record. Click Edit to display this editable Currency field on a record. For example, you can set the Account Currency to US dollars so that the Annual Revenue shows in dollars for one of your American accounts. All currency amounts are displayed in the default currency of the record. Administrators can choose whether to also display, in parentheses, the user’s personal currency if it’s different from the currency of the record. When you change the default currency of a record, currency amounts aren’t converted. They display the new currency code.

Note If your org uses advanced currency management, the opportunity close date determines which conversion rate to use when displaying currency amounts.

Amounts in reports are shown in their original currencies, but can be displayed in any active currency. You can change the currency used for report totals by selecting a currency from Show | Currencies. The default value is your personal currency. For any amount, you can choose to display the Converted column—for example, Annual Revenue Converted—which shows amounts in the currency you select.

Custom formula fields aren’t tied to any particular currency. If the result of a formula field is a currency amount, it displays in the currency of the associated record. This rule is also true for cross-object formulas that reference merge fields with different currencies, and formulas in workflow rules and approval processes. However, workflow rules and approval processes that use filters instead of formulas convert all currency values to the corporate currency.

If currency fields are referenced in Apex, you can’t disable multiple currencies for your organization. For example, if Apex code references the Account Currency field (represented as CurrencyIsoCode in the code), you can’t disable multiple currencies.