Multiple Currency Setup

Prerequisites

  • To set up the Multiple Currency feature, you must:

  • To set up the Multiple Currency feature, you need:

    • System permissions:

      • Customize Application

      • View Setup and Configuration

Basics

Use the Multiple Currency feature to display prices in multiple currencies.

How it Works

Currency Fields

Currency fields display on every page layout of every object once you enable the Multiple Currency feature.

Currency fields display the following information:

Price Book Items

Price book items use the currency for their price book by default.

You can override the currency for price book items on an item-by-item basis.

Ticket items use the currency for their linked price book item.

Feature Impact

Enabling the Multiple Currency feature changes the default functionality of FieldFX as follows:

  • Currency fields display on every page layout of every object.

Review every page layout and remove unnecessary Currency fields.

Enabling Parenthetical Currency Conversion

Enabling the Parenthetical Currency Conversion feature lets users see their personal currency in parentheses in Currency fields.

  1. Access FieldFX Back Office

  2. Switch to Salesforce Classic

  3. From Setup, enter "manage currencies" in the Quick Find box, then select Manage Currencies

  4. Under Parenthetical Currency Conversion, click Enable

Setting the Default Corporate Currency

  1. Access FieldFX Back Office

  2. Switch to Salesforce Classic

  3. From Setup, enter "manage currencies" in the Quick Find box, then select Manage Currencies

  4. Click Manage Currencies

  5. Click Change Corporate

  6. In New Corporate Currency, select the new default currency to use

  7. Click Save

Adding a Currency

  1. Access FieldFX Back Office

  2. Switch to Salesforce Classic

  3. From Setup, enter "manage currencies" in the Quick Find box, then select Manage Currencies

  4. Click Manage Currencies

  5. Under Active Currencies, click New

  6. In Currency Type, select the currency

  7. In Conversion Rate, select the exchange rate for the currency against your default corporate currency

  8. In Decimal Places, select the number of decimal places in which to display the currency

  9. Click Save

Editing Exchange Rates

  1. Access FieldFX Back Office

  2. Switch to Salesforce Classic

  3. From Setup, enter "manage currencies" in the Quick Find box, then select Manage Currencies

  4. Click Manage Currencies

  5. Under Active Currencies, click Edit Rates

  6. Enter the new exchange rate(s)

  7. Click Save

Setting a User’s Personal Currency

  1. Access FieldFX Back Office

  2. Switch to Salesforce Classic

  3. From Setup, enter "manage users" in the Quick Find box, then select Users

  4. Open the user record

  5. Click Edit

  6. In Currency, select a currency

    Personal currency amounts display in parentheses in Currency fields.

  7. Click Save

Displaying Currency Information on Compact Layouts

Salesforce doesn’t support the Currency field on compact layouts.

To get around this limitation, add a formula field to display data from the Currency field and then add the formula field to the desired compact layouts.

  1. Access FieldFX Back Office

  2. Switch to Salesforce Classic

  3. From Setup, enter "object" in the Quick Find box, then select Objects

  4. Open the object on which to add the formula field

  5. Add the formula field:

    1. Under Custom Fields & Relationships, click New

    2. Under Data Type, select Formula

    3. Click Next

    4. In Field Label, enter a unique name for the field

    5. Under Formula Return Type, select Text

    6. Click Next

    7. Enter the following formula:

      TEXT(CurrencyIsoCode)

    8. Click Next twice

    9. Click Save

  6. Add the formula field to a compact layout:

    1. Under Compact Layouts, click Edit next to the layout

    2. In Available Fields, select the formula field

    3. Click Add

    4. In Selected Fields, change the order

    5. Click Save