Add and delete currencies
In the Currencies section, you can see a table of all the currencies used by your organization for compensation purposes, including the current rates and the rate source.
Currency rates are populated using currencylayer. currencylayer is an API service that provides updated and accurate currency data for use with ChartHop. Conversion rates are updated on the first of each month.
The rate comparisons that display underneath a rate are compared against the default currency for the organization.
You can add additional currencies to the table. This is helpful for when you are adding new employees to your ChartHop organization and those new employees must be paid using an unlisted currency.
To add an additional currency to the table:
- From the left sidebar, select Admin.
- From the sub-menu, select Financial.
- In the Currencies section, select + Add additional currency.
- In the fields that display:
- Currency - Select a currency from the dropdown list. The currencies that display in the list are populated from currencylayer.
- Conversion rate source - Select the source for the currency rate from the following:
- currencylayer - Automatically populates currency rates from currencylayer. This option is selected by default.
- Select Save at the bottom of the Currencies & costs tab to save your changes. The additional currency is added to the list.
You can add multiple currencies at once by selecting + Add additional currency multiple times. To delete a new currency row, select the trash can icon.
To delete a currency from the currencies list:
- From the left sidebar, select the Settings menu (gear icon) and select Org settings.
- Select the Currencies & costs tab.
- In the Currencies section, select the action menu at the left of the row for the currency you want to delete.
- Select Delete.
- Select Save at the bottom of the Currencies & costs tab to save your changes.
