Currency Conversion

SIERA has seamlessly incorporated currency conversion facilitating effortless GBP, EUR, and USD transitions. This feature ensures coherent financial communication on a global scale.

This functionality isn't confined to SIERA users alone; it extends to customising exported currency for clients, streamlining the process of generating diverse reports.

Usage

To access this capability, navigate to the 'Currency' sub-menu within the settings tab.

It's important to note that modifying the currency setting affects both the display on the SIERA platform and the currency outputted on exported reports. Adjustments should be made if you operate within one currency while necessitating a different currency for your reports.

You can have complete confidence in the accuracy of our conversions thanks to the external API, fixer.io. The currency information is refreshed daily at 6 am to ensure the most up-to-date details. The rates are sorted into a table then, on the 2nd, 3rd, and 4th days of each month, an automated calculation figures out the "current" rate by averaging the rates from the previous month.