Follow
Setting Up Exchange Rates

**DON'T DELETE, DRAFT OR HIDE THIS ARTICLE. IT IS LINKED TO THE PRODUCT, THROUGH THE CONTEXT SENSITIVE HELP LINKS. **

Exchange rates impact all financial​ elements in Workfront. The default currency is the default for all projects throughout the system, unless it is modified on a given project or report. For more information on how to modify exchange rates for a project, see "Changing the Default Currency for a Project." for more information on how to modify exchange rates for a report, see "Creating Financial Data Reports with Unique Exchange Rates."

As a system administrator, you can set up currency exchange rates in Workfront. This includes:​

  • Setting the default currency for the Workfront system
  • Updating exchange rates in Workfront to match current exchange rates
  • Configuring the exchange rates for multiple currencies (doing so enables users to choose a default currency for individual projects)

IMPORTANT: Exchange rates in Workfront are not dynamic; the value that you set must be updated when changes in exchange rates occur. 

The way that you set up exchange rates affects whether users can modify exchange rates for a given project.

Setting Up Exchange Rates

  1. Click Setup in the upper-right corner of the Workfront interface.
  2. Expand Project Preference, then click Exchange Rates.
  3. Click Add Currency.
  4. Begin typing the name of the currency, then click it when it appears in the drop-down list.
  5. In the provided field, specify the rate for the currency that you selected, as it relates to the currency that is set as the base currency in the system.
  6. (Optional) Set the currency as the base (default) currency for Workfront. This is the currency that is used as the default for all projects and reports throughout the system.
  7. Click Save to save your changes. 

Enabling Users to Modify the Default Currency for a Project

Users can modify the default currency for a project when the following conditions are met:

  • The user has a Plan license with the administrative access to 'Exchange rates'
    For more information, see "Administrator Access"
  • More than one currency is enabled on the Workfront system (as described in"Setting Up Exchange Rates")

For information about how users can change the default currency on a given project, see "Changing the Default Currency for a Project."