Your base currency is your organisation's default currency in oboloo. It's chosen when you sign up (in the setup wizard's Base currency field, if you used it) and shown in Settings > Company Settings and on the Base Currency card at the top of Settings > Currencies.

What the base currency does

Area

How the base currency is used

Currency lists

It appears first in every currency list.

Exchange rates

Every other currency's rate is set against it. Its own rate is always 1.0000.

Dashboards and reports

Amounts in other currencies are converted into it, for example on the savings dashboard.

Changing the base currency

Changing it is rarely needed and has wide effects. When you change it, oboloo shows this warning:

📌 Important: WARNING: Changing your organisation's base currency will affect all records within the system. This is not recommended. Once changed, you will be required to revise all exchange rates within the currency settings page and update exchange rates on all affected records.

  • Nothing is recalculated: oboloo doesn't convert existing amounts or adjust any exchange rates. Every rate on Settings > Currencies is still set against the old base until you change it.

  • Records keep their own rates: for example, savings milestones store their own exchange rate, so each one needs updating too.

  • Tell people first: let finance and anyone who reports on spend or savings know before you change it.

What you can do from here

To…

Do this

Guide

Change the base currency

Settings > Company Settings > Update

Update the Base Currency

Add another currency

Settings > Currencies > Add New Currency

Add a New Currency

Change an exchange rate

Settings > Currencies > Actions > Edit

Update Currency Exchange Rates

Common questions

Who can change the base currency?

Users whose role has Edit access to Company Settings. By default, that's the Administrator role.

Will my old savings be converted to the new base currency?

No. Amounts stay in their own currency, and the stored exchange rates aren't changed. Update the rates yourself so converted figures are correct.

Why can't I edit the base currency on the Currencies page?

Its rate is always 1.0000. The Edit link on the Base Currency card takes you to Company Settings, where it can be changed.

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📌 Need Further Help?
If you need further assistance, please contact your internal platform administrator for support. Otherwise please reach out to oboloo's support team. If you are unable to view the above area in the oboloo platform, please check your user permissions and access rights.