In oboloo’s Savings Management module, each savings project is assigned a currency during its creation.

The milestones within that project inherit the same currency and are assigned an exchange rate from the Currencies Setting Page.

If you need to update the exchange rate for an individual milestone, oboloo allows you to edit it manually. This ensures that financial data remains accurate and reflects the most current exchange rates.

⚠️ Note: Users cannot update the exchange rates of milestones if the savings record is in the organisations base currency.

You can find out more about currency conversation in savings management here.

📌 This guide will walk you through the step-by-step process of updating exchange rates per milestone.

Step-by-Step Guide: Editing Exchange Rates per Milestone

Step 1: Navigate to Savings Management

  1. Log in to your oboloo account.

  2. From the left-hand menu, select Savings Management.

Step 2: Select a Savings Project

  1. Locate the savings project containing the milestone that requires an exchange rate update.

  2. Click on the project name to open the savings project record.

Step 3: Go to the Milestone Tab

  1. Inside the savings project, navigate to the Milestone tab.

  2. Here, you will see a list of all milestones associated with this project.

Step 4: Edit a Milestone

  1. Locate the milestone you want to update.

  2. In the Actions column, click on the edit icon next to the milestone.

Step 5: Enter a New Exchange Rate

  1. Inside the milestone editor, find the field labeled "Exchange Rate Against Base Currency".

  2. Enter the updated exchange rate.

  3. Review the new value to ensure accuracy.

📌 Tip: The exchange rate should reflect the most recent financial data to ensure correct savings calculations.

Step 6: Save Changes

  1. Click Save to confirm the exchange rate update.

  2. The updated exchange rate will now apply to this milestone.

📌 Any changes made to exchange rates will automatically update financial figures in the savings dashboards.

Key Considerations

✅ Accurate Financial Tracking – Updating exchange rates ensures that savings figures reflect current currency values.

✅ Automatic Updates in Dashboards – Once updated, the savings project’s financial figures will adjust automatically to reflect the new exchange rate.

✅ Individual Milestone Adjustments – You can modify the exchange rate for each milestone independently, ensuring precise financial tracking.

Editing exchange rates per milestone in oboloo allows you to maintain accurate financial records and reflect currency fluctuations in your savings projects. By following this guide, you can easily update exchange rates for individual milestones, ensuring that all financial data remains up to date.

For more details on how currency conversion works in Savings Management, refer to the Currency Conversion Guide.

Additional Resources

📌 Related User Guides:

📌 Need Further Help?
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