Set up exchange rates
As an ÃÛ¶¹ÊÓƵ Workfront administrator, you can set up currency exchange rates in Workfront. This includes the following:
- 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)
Exchange rates impact all financial elements in Workfront. The base currency is the default currency for all projects throughout the system, unless it is overridden for a given project or job role. The current base or default currency is indicated with an icon
For more information about overriding the base currency in Workfront for projects and job roles, see the following articles:
The way that you set up exchange rates affects whether users can modify exchange rates for a given project.
Access requirements
You must have the following access to perform the steps in this article:
| table 0-row-2 1-row-0 2-row-2 3-row-2 layout-auto html-authored no-header | |
|---|---|
| ÃÛ¶¹ÊÓƵ Workfront plan | Any |
| ÃÛ¶¹ÊÓƵ Workfront license |
New: Standard Or Current: Plan |
| Access level configurations | System Administrator |
For more detail about the information in this table, see Access requirements in Workfront documentation.
Set up exchange rates
-
Click the Main Menu icon
-
Click Project Preferences > Exchange Rates.
-
Click Add currency.
-
In the Add currency box, begin typing the name of the currency, then click it when it appears in the drop-down list.
-
In the Exchange rate field, enter the rate for the currency that you selected, compared to the currency that is set as the base currency in the system.
-
Click Add to add the new currency and its exchange rate.
-
(Optional) To change the base (default) currency, do one of the following:
-
Select the check box next to the currency name and select Make Default in the action bar at the bottom of the screen.
-
Hover over the currency name and click the More menu that appears. Then, select Make Default.
The new default currency is updated with the icon.
-
-
(Optional) To delete a currency, select the check box next to the currency name and select Delete in the action bar at the bottom of the screen. You cannot delete the default currency.
Enable 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 Standard or Plan license with the administrative access to Exchange Rates.
For more information, see Grant users administrative access to certain areas.
-
More than one currency is enabled on the Workfront system.
For information about how users can change the default currency on a given project, see Change the project currency.
Enable users to modify the default currency for a job role
Users can modify the currency for a job role when the following conditions are met:
-
The user has a Standard or Plan license with administrative access to Job Roles.
For more information, see Grant users administrative access to certain areas.
-
More than one currency is enabled in the Workfront system.
For information about how users can change the default currency on a given job role, see Create and manage job roles.