Multi-currency enablement and corporate currency

Key Takeaway

All conversion rates in a multi-currency org are measured against one corporate currency: the currency your headquarters reports revenue in. Turning on multiple currencies is permanent, so plan the change first.

Every Salesforce org starts with a single currency, which the Currency Locale on the Company Information page sets. An admin can turn on multiple currencies so that records and users can work in different currencies. After that, the admin keeps a list of active currencies, and each one is linked to the corporate currency by a conversion rate.

One currency by default

By default, a Salesforce org uses a single currency. The admin picks the "Currency Locale" on the Company Information page, and all currency values on records display in that currency.

Platform Administrator Study Guide

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Describe the information found in the company settings (for example: company settings fiscal year, business hours, currency management, default settings)

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Company Information page contents

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Organization default locale language and time zone

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Standard versus custom fiscal year

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Business hours and holidays

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Multi-currency enablement and corporate currency

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Advanced Currency Management and dated exchange rates

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Distinguish and understand the administration of declarative configuration of the user interface (UI)

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Given a scenario, demonstrate the proper setup and maintenance of users

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Explain the various organization Security Controls

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Given a user request scenario, apply the appropriate security controls based on the features and capabilities of the Salesforce sharing model

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Given a scenario, determine the appropriate use of a custom profile or permission set

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Multi-currency enablement and corporate currency

Key Takeaway

One currency by default

By default, a Salesforce org uses a single currency. The admin picks the "Currency Locale" on the Company Information page, and all currency values on records display in that currency.