Savings initiatives can be recorded in any currency set up in your account. This article explains how oboloo converts those amounts into your base currency for the savings dashboard, and how to correct a milestone's exchange rate.

For how each dashboard figure is calculated, see Understanding the Savings Dashboard.

Where the exchange rate comes from

When

What happens

You choose a Saving Currency on the Savings Summary step

The read-only Exchange Rate field shows that currency's current rate from Settings > Currencies.

Each milestone is created

oboloo copies the currency's current rate from Settings > Currencies and stores it on that milestone. This applies to milestones created in the creation steps and to milestones added later with Add Milestone.

The rate on the Currencies page changes later

Existing milestones keep the rate they were created with. Only milestones created after the change use the new rate.

You need a different rate on one milestone

Edit the milestone's Exchange Rate Against Base Currency. Each milestone can have its own rate.

If a saving uses your base currency, no conversion is needed and the exchange-rate fields don't appear.

Where amounts are converted

Where

Currency shown

Dashboard tiles and charts on the Savings Initiatives page

Your base currency. See Understanding the Savings Dashboard for which figures are converted.

Savings table, savings record, Financials and Milestones tabs

The saving's own currency.

Savings export (savings.csv)

The saving's own currency, with each milestone's rate in the EXCHANGE RATE AGAINST BASE CURRENCY column.

To convert a milestone amount into your base currency, oboloo divides it by that milestone's exchange rate:

Base currency amount = Amount in the saving's currency ÷ Exchange Rate Against Base Currency

💡 Example: Your base currency is GBP. A USD milestone has realised savings of $1,000 and an exchange rate of 1.25, so it adds £800 (1,000 ÷ 1.25) to Total Realised Savings on the dashboard.

Change a milestone's exchange rate

Open the Milestones tab

Go to Savings Management > Savings Initiatives, open the saving and click the Milestones tab.

Edit the milestone

Click the milestone's Actions menu (⋮) and choose Edit.

Enter the new rate

In Exchange Rate Against Base Currency, enter the rate. It can't be blank or zero. Base Currency is shown for reference.

Save

Click Update Milestone. The milestone's own amounts don't change; only the base-currency figures on the dashboard do.

📌 Important: Changing a saving's Currency with Edit doesn't update the exchange rates stored on its milestones. After changing the currency, edit each milestone and enter the correct Exchange Rate Against Base Currency.

Common questions

I updated a rate in Settings > Currencies but the dashboard hasn't changed

Existing milestones keep the rate they were created with. To use the new rate, edit each milestone's Exchange Rate Against Base Currency.

Does changing an exchange rate change my savings amounts?

No. Milestone amounts are stored in the saving's currency and stay the same. The rate only changes the base-currency figures on the dashboard, for completed and uncompleted milestones alike.

Why can't I see the exchange rate fields when editing a milestone?

The saving uses your base currency, so no conversion is needed.

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📌 Need Further Help?
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