---
title: Set custom currency rates
slug: set-custom-currency-rates
docTags: 
createdAt: 2022-06-21T23:52:37.000Z
---

You can define custom currency rates for use in your ChartHop organization by adding new custom currency rates or by editing conversion rates for existing currencies in your list.

### Add a custom currency rate

 You can add a new custom currency rate to your currencies list.

![Add a custom currency rate](https://api.archbee.com/api/optimize/CXAjUAezd9VEEVQBIYmdw/eO7h5W-YoQutyma8q_a21_admin-financial-currencies-custom-rate.png)

To add a custom currency rate:

1. From the left sidebar, select **Admin**.
2. From the sub-menu, select **Financial**.
3. In the **Currencies** section, select **+** **Add additional currency**. 
4. 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 **Custom** from the dropdown list.
   - **Rate** - Enter a custom currency rate.
   - **Effective date** - Enter the date the custom rate goes into effect.
5. Select **Save** at the bottom of the **Currencies & costs** tab to save your changes. 

:::hint{type="info"}
You can add multiple custom currencies at once by selecting **+ Add additional currency** multiple times. To delete a new currency row, select the trash can icon.
:::

### Edit conversion rate

You can edit the conversion rate for a currency that is already in your list. 

![Edit the conversion rate](https://api.archbee.com/api/optimize/CXAjUAezd9VEEVQBIYmdw/pLYdF0qfe9nuADy-RlGh8_customrate.png)

To edit the conversion rate:

1. From the left sidebar, select the Settings menu (gear icon) and select **Org settings**.
2. Select the **Currencies & costs **tab.
3. In the **Currencies** section, select the action menu at the left of the row for the currency you want to edit.
4. Select **Edit conversion rate**. The **Edit by rate** dialog displays.
5. In the **Edit by rate** dialog, select the **Custom** option.
6. Enter the custom conversion rate. Once you enter a custom rate, the rate comparison against the default currency automatically updates underneath (for example, 1 USD = 1.25 CAD). 
7. Enter an effective date for the conversion rate change. 
8. Select **Save**.

:::hint{type="info"}
Conversion rates are always based off of the US dollar (USD). 

The rate comparisons that display underneath a rate are compared against the default currency for the organization.
:::

:::hint{type="info"}
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:::