Defining the Budget Currency & Default Exchange Rate

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Allocadia allows global organizations the flexibility to manage their marketing activities, Purchase Orders and Actuals, and planned returns in multiple currencies, allowing more relevant and easier reference for teams to manage their spend.

Tip: Currencies are set at both the top folder in the Hierarchy (Master Currency), and individually for each Activity Plan (Local Currency). The Master Currency is the currency your organization uses to view all reports and roll-ups and is generally the currency in which your head office operates. The Local Currency is the currency the Activity Plan reflects and marketers input their marketing activities in.

To set Currencies:

  1. On the Home tab, click on Master Settings of the desired Folder
  2. On the Settings page, navigate to the Currency tab under Template Setup on the left-hand side.
  3. Under Hierarchy Currencies, click the down arrow next to each Hierarchy or Activity Plan to select the desired currency
    Note: Setting a currency at the Hierarchy level will preset the currency for all the items under the Hierarchy - managing this at an Activity level, will only set the currency of the individual Activity Plan.
    Tip: The Exchange Rates section is where you will enter in the base exchange rates, for each currency.
    Note: If you wish to use multiple currencies within one Activity Plan please read our Multi-Currency within an Activity Plan article
  4. On the Exchange Rate section, calculate the exchange rate from the desired currency against the Master Currency 
    Note: The Exchange Rate calculations will display the amount of the master currency received for one unit of the selected currency.
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