Update a currency's exchange rate on Settings > Currencies when market rates move. oboloo uses the rate to convert amounts into your base currency for reporting.

Before you start

Only users whose role has Edit access to Currency can change exchange rates. To check your access, see Viewing Your Access Rights. Your base currency always has a rate of 1.0000 and is changed in Company Settings instead: see Update the Base Currency.

Change an exchange rate

Open Settings > Currencies

Find the currency in the Currencies table.

Click Edit

Open the three-dot Actions menu on the currency's row and click Edit. Edit Currency Exchange Rate opens.

Enter the new Exchange Rate

Enter how many units of this currency equal 1 unit of your base currency.

💡 Example: Your base currency is GBP and £1 now buys $1.30. Change the USD rate to 1.30.

Click Save Change

Your changes are saved.

What happens next

  • New savings use the new rate: when someone creates a savings initiative in this currency, the current rate is shown read-only next to Saving Currency, and each new milestone stores it.

  • Existing savings milestones don't change: each milestone keeps the rate it was created with. To change one, edit the milestone's Exchange Rate Against Base Currency. See Editing Exchange Rates per Milestone.

  • No automatic updates: oboloo doesn't fetch live rates, so review them regularly.

Troubleshooting

I changed a rate but the savings dashboard hasn't changed

Existing milestones keep their own stored rate. Edit each milestone's exchange rate if you need the new rate applied. See Understanding Currency Conversion in oboloo Savings Management.

There's no Edit option for my base currency

The base currency's rate is always 1.0000. To change which currency is your base, use Settings > Company Settings.

I can't see Edit

Your role doesn't have Edit access to Currency. Ask an administrator to update your role.

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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.