Currency Conversions enables localization of bill point costs throughout Atrius.
👍 This article will help you:
View currency conversion rates, and specify custom conversions
Link manual bill points with a currency
Enter bill points in an international currency
To access Currency Conversions, go to Settings on the left side menu, then Currency Conversions.
Standard conversion rates
Atrius uses an industry-standard currency conversion API, Open Exchange Rates. Atrius stores daily currency conversion rates for every available currency, as well as monthly average rates.
Select a currency from the dropdown menu to view the daily conversion rates. Use the toggle menu at the top right of the table to switch between daily rates ('Day') and monthly average rates ('Month').
Custom conversion rates
Some multinational organizations have custom currency rates, which are internally defined each month. Atrius allows you to override the currency conversion API values with your own conversion rates on a monthly basis. This is useful for converting costs to U.S. Dollars using the conversion rates specific to your organization.
Select a currency from the dropdown menu, then select 'Month' from the toggle menu at the top right of the table. A dropdown menu will appear at the right of the table for each timestamped row. Select 'Edit conversion rate'.
In the modal window, enter your organization’s rate for the displayed period. Select 'Save' and repeat this step for each month in which you require a custom conversion rate.
Above: Custom conversion rate definition for Indian Rupee (INR) to U.S. Dollar (USD).
Link a bill point to an international currency
In order for Atrius to know which currency to use for a given bill point, you must link the bill point to a source currency.
Go to Bills and select a bill point. On the bill point's Profile tab, find the Source currency field. Select the currency in which you wish to enter cost data for this bill point. Select 'Save'.
🚧 Manual points only
Only manual bill points can be converted from international currencies.
Enter bill costs in an international currency
Go to the Data Manager tab for a bill point and select 'Add a reading'.
In the modal window, enter total or itemized costs for the bill. Select 'Add bill'. Your cost inputs will automatically be expressed in the source currency specified on the bill point's Profile tab.
Don’t worry if your bill point periods don’t line up perfectly with the conversion rate calendar months. Atrius will disaggregate the cost across days and use the correct rate for the corresponding bill point days.