Set up exchange rates

Last update: September 10, 2024

CREATED FOR:

  • Admin

As an Adobe 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. You can also select to display financial information in currencies available in your system that are different than the base currency or that of the project when viewing them in a report or list. For more information, see Create financial data reports with unique exchange rates.

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.

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

Access requirements

Expand to view access requirements for the functionality in this article.

You must have the following access to perform the steps in this article:

Adobe Workfront planAny
Adobe Workfront license

New: Standard

Or

Current: Plan

Access level configurationsSystem Administrator

For more detail about the information in this table, see Access requirements in Workfront documentation.

Set up exchange rates

  1. Click the Main Menu icon Main Menu in the upper-right corner of Adobe Workfront, or (if available), click the Main Menu icon Main Menu in the upper-left corner, then click Setup Setup icon .

  2. Click Project Preferences > 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.

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:

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:

For information about how users can change the default currency on a given job role, see Create and manage job roles.

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