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Currency Conversion and Management

Zigaflow allows multiple currencies to be used in one account. This explains how it is structured.

Updated over 3 months ago
  • An item can only have one cost currency.

  • An item can have multiple sales (price) currencies.

  • When an item is added to a quotation set with a different currency, the cost is converted to the quotation's currency.

  • If the item has a price in the quotation's currency, it will use that price.

  • If there is no currency price, it will convert automatically to the quotation currency if the exchange rate is in the system.

  • For currency conversion to work, the rates must be set up in Cog -> Exchange Rates. If the same currency pair is in twice but mirrored (i.e. GBP->USD and USD->GBP, it will use the one that matches the conversion (i.e. a cost in GBP on a USD quotation will use GBP->USD). This means a rate spread can be used.

  • When prices are refreshed on the quotation, they will be converted at the rate for that currency pair in the system.

  • When the currency dropdown's value is changed, no calculations are applied. Use the Refresh Prices on the Apply button to update them.

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