---
title: Set smart currency defaults
slug: set-smart-currency-defaults
docTags: 
createdAt: 2022-09-28T15:58:54.000Z
---

You can configure a currency to apply by default in situations where monetary values don’t have a specified currency (for example, when you import a monetary value into ChartHop and the currency is not included).

The following currency default options can be applied (in any order):

- the job's defined currency
- the currency used in a person's home address country
- the currency used in the job location country

If any of these currency defaults are unavailable, you can also specify a currency to apply.

![Smart currency defaults](https://api.archbee.com/api/optimize/CXAjUAezd9VEEVQBIYmdw/RUIULpPs2VaIlm32uOv_r_admin-financial-smart-currency-defaults.png)

To set a smart currency default:

1. From the left sidebar, select **Admin**.
2. From the sub-menu, select **Financial**.
3. Navigate to the **Smart currency defaults** section.
4. From the dropdown list, select a currency to apply when all currency default options are unavailable.
   1. The currencies available in the dropdown are the currencies that are defined for your organization in the **Currencies** section of the **Currencies & costs** tab. [Learn more.](https://docs.charthop.com/add-and-delete-currencies)
   2. By default, your organization’s default currency is selected.
5. Enable the currency default options you want to apply. You can choose from the following:
   - Job currency
   - Person home address country
   - Job location country
6. Using the move icon (⋮⋮), select and drag the currency default options into the order you want them to apply. 
   - The currency default option in the 1st position is applied first. 
   - When that currency default option is not available, ChartHop applies the currency default option in the 2nd position, then the 3rd (when enabled). 
   - If you only enable one currency default option, that option automatically moves to the 1st position when you save your changes.
7. Select **Save** to save and apply your changes.

:::hint{type="info"}
[Modules:](https://www.charthop.com/pricing/) <font color="#000000">**HRIS |** </font>**Engagement | Goals | Performance |&#x20;**<font color="#000000">**Compensation Reviews |** </font>**Headcount Planning**
:::