Multi-Currency Reporting

AskBiz converts all revenue and cost data to your account's base currency for consolidated reporting. Conversion uses the daily mid-market exchange rate on the date of each transaction — not a fixed rate or a monthly average. This means your consolidated figures accurately reflect what transactions were worth in your base currency on the day they occurred. Transactions are stored in both the original currency and the converted base currency amount, so you can view either in reports.

Your base currency is set during account setup. To change it: go to Settings → Account → Base Currency and select your preferred currency. Note: changing your base currency recalculates all historical data — this may cause temporary discrepancies during the recalculation period (usually a few hours for most accounts). Only change your base currency if your functional accounting currency has genuinely changed — not just because you want to see a different currency on the dashboard.

To see revenue by currency before conversion: go to Finance → Revenue → Currency Breakdown. This shows the gross revenue in each original transaction currency (USD, EUR, GBP, etc.) alongside the converted base currency equivalent. This view is useful for: identifying which markets are your largest revenue contributors, understanding your currency exposure (how much of your revenue is in a currency that might weaken?), and reconciling with bank accounts held in foreign currencies.

Currency movements affect your reported margin even when your underlying trading performance is unchanged. If you sell in USD but report in GBP, a strengthening GBP will make your USD revenue look smaller in your reports — not because you sold less, but because the exchange rate moved. AskBiz shows an FX impact indicator on your margin trend, flagging periods where currency movement materially affected the reported figure. This helps you distinguish real margin improvement from favourable FX tailwinds.