Your base currency is set when your account is created and rarely needs to change. If it does, change it in Company Settings and then update every exchange rate, because oboloo doesn't recalculate anything for you.

Before you start

Only users whose role has Edit access to Company Settings can change the base currency. By default, that's the Administrator role. To check your access, see Viewing Your Access Rights. Tell your finance team and anyone who reports on spend or savings before you start.

Change the base currency

Open Settings > Company Settings

Select Base Currency is on the Edit Company Details card.

Click Update

The red Update button is next to the field. Update Your Organisation's Base Currency opens, with this warning: Changing your organisation's base currency will affect all records within the system. This is not recommended.

Choose the new currency and click Save

Pick it in Select Base Currency. Every currency is listed, even ones you haven't added.

Update every exchange rate

Go to Settings > Currencies and edit each currency so its rate is set against the new base currency. See Update Currency Exchange Rates.

Update rates stored on records

Savings milestones store their own exchange rate. Edit each affected milestone's Exchange Rate Against Base Currency. See Editing Exchange Rates per Milestone.

What happens next

  • Totals are labelled with the new currency: dashboards and reports show the new base currency straight away.

  • Nothing is converted: existing amounts and stored rates aren't changed. Until you update the rates, converted totals will be wrong.

  • Currency lists: the new base currency appears first in every currency list.

📌 Important: Changing the base currency doesn't correct past records. If figures were entered in the wrong currency, edit those records directly.

Troubleshooting

I can't see the Update button

Your role doesn't have Edit access to Company Settings. Ask a user with the Administrator role.

My savings totals look wrong after the change

The exchange rates are still set against the old base currency. Update them on Settings > Currencies and on each savings milestone.

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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.