Changing Your Exchange Rate Source

Nexonia integrates foreign exchange or FX rates to support currency conversion. There are a choice of two available Exchange Rate Sources in Nexonia:

• XE.com (default)
• European Central Bank then XE.com 

The FX rate is pulled from the source daily and is applied for any foreign currency conversions. Administrators can set which source to use for the FX rate at a Company level, but the Administrator also has the option to set the Exchange Rate Source at a Region level.

When a Nexonia account is created, the default source is XE.com and will apply at a company level.

To Set the Exchange Rate Source at the Company Level:

Log in to Nexonia with administrator rights.

Navigate to Settings (Gear Icon) > Company > Financial > Currencies

You'll see your current Exchange Rate Source listed here, as well as any currencies available to the users.

Click the Edit button.

Next to Exchange Rate Source will be a dropdown menu where you can select the exchange rate source.

Scroll to the bottom of the screen and click the Apply button to save and update your rate source.

To Set the Exchange Rate Source at the Region Level:

Log in to Nexonia with administrator rights.

Navigate to Settings (Gear Icon) > Company > Regions > Select a region.

Once you can see the general details for the region, click the Edit button.

In the field Exchange Rate Source you can select any of the following:

• Default to company's
• XE.com
• European Central Bank then XE.com

Scroll to the bottom of the screen and click the Apply button to save and update your rate source.