When you turn on the foreign currency feature, you can set a default currency on contacts and use it on new invoices.

You can also set ledger accounts for bank charges, interest, and exchange rate gains or losses.

Turn on foreign currency transactions

1. Go to Settings, then Business settings.
2. Under Financial settings, select Currencies, then select Enable Foreign Currency Transactions.
3. Choose whether to Use Daily Exchange Rates, which we update live from the European Central Bank (ECB).
4. Add any currencies you need from the list.
   
   TIP:

   To see which currencies are available to use, click the Please select dropdown field to show the full list.

5. Check that the Bank Charges Ledger Account, the Exchange Rate Gains Ledger Account and the Exchange Rate Losses Ledger Account are correct.
6. Select Save.