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Multi-currency Projects

Connected Cost allows you to work in a local base currency and track commitments made in foreign currencies.

Many projects involve multiple currencies, especially when goods and services are procured from overseas. Connected Cost allows you to work in a local base currency and track commitments made in foreign currencies. Currency exchange rates can also be used for portfolio reporting in a single currency.

Note: Base currencies can be different between projects within the same organization.

Defining Currencies and Exchange Rates:

  1. Select Cost Administration > Organization Data > Currency. Note: the base currency is created by default and used for budgeting purposes.
  2. Click the Add button.
  3. Select the currency from the drop-down list.
  1. Enter the desired rate for converting Budget, Actual, and Forecast amounts.

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