Follow the below steps to test how Multi Currency will work on Infusion and
License Settings
To enable Foreign Exchange module navigate to:
Settings > Licensee Setting and Turn on the Foreign Exchange
Once enabled click Confirm to proceed
Please note: At this stage you will not be charged for this module as we are seeking feedback
Currency and Exchange Rates
After enabling the Foreign exchange module, you will be able to see
The new setting called Currency and Exchange Rates is available under Settings. From here, you can add and manage the currencies your organisation uses.
Adding a New Currency
Open Currencies from Currency and Exchange Rates from Select Add to create a new currency.
Enter Currency details.
- Currency: Select the currency you want to add from the dropdown list.
- Code: This field is automatically populated based on the selected currency. Users cannot edit this field
- Description: Defaults to the currency name. Users may update this description if required.
- Symbol: This is the currency symbol, and the system will populate the symbol automatically
Please note: Some currencies do not have a default symbol. If the symbol is missing, copy and paste the required symbol from a text file into this field to proceed
- Decimals: Specify the number of decimal places to display for this currency.
-
Display Currency As: Choose how the currency values should be displayed as: Local or Foreign.
- Local: The currency is displayed as local currency per 1 foreign currency unit (e.g. USD = 1.71 means 1 USD =1.71 NZD)
- Foreign: The currency displayed as the amount the foreign currency to purchase 1 local currency. (e.g. USD = 0.58 means 1 NZD =0.58 USD)
After entering all required details, select Add to save the new currency.
Once saved, the currency will appear in your list of available currencies. You can also deactivate a currency at any time using the Deactivate button in the currency list unless the currency is set as your local currency.
Setting up Local Currency
After adding the required currencies, users must designate the Local Currency.
The Local Currency is the default currency used by the system. All transactions, calculations, and reports will be displayed in this currency unless otherwise specified
To set local Currency navigate to Settings > Financial Settings a new section called Foreign Currency will be available. Turn on the Enable Foreign Currency toggle, then select the Local Currency from the dropdown list.
Click Save to apply the setting.
When you click Save, the system will prompt you to confirm that the selected Local Currency is correct.
Please note that this Local Currency cannot be changed once it has been confirmed, so ensure the correct currency is chosen before proceeding.
Setting up Exchange rate and Forward Cover rate
To add a new exchange rate, navigate to Settings > Currency and Exchange Rate Settings > Exchange Rate
Click Add, then enter the following details.
- Currency: Select the required currency from the available list.
- Exchange Rate: Enter the applicable exchange rate for the selected currency.
- Effective From Date: Choose the date from which the exchange rate should take effect. This date is inclusive, meaning the rate applies starting on the selected date.
Click Add to save the exchange rate
Please note that you cannot add more than one exchange rate for the same currency on the same effective date.
If an exchange rate already exists for that date, the system will display a “Not Unique” error.
To proceed, update the Effective From Date to a different date and save the exchange rate again.
How Exchange Rate works
Exchange rates are applied based on their Effective From Date. If a currency has multiple exchange rates, each rate must have a different effective date.
For example:
If the exchange rate for AUD is set to 0.82 with an Effective From Date of 22/04/2026, this rate will be applied from that date onward, until another exchange rate is added with a later effective date.
This ensures the system always uses the correct rate based on the transaction date.
Adding Forward Cover Rates
To add a new exchange rate, navigate to Settings > Currency and Exchange Rate Settings > Forward Cover Rates
Click Add, then enter the following details.
- Currency: Select the required currency from the available list.
- Exchange Rate: Enter the applicable exchange rate for the selected currency.
- Effective From: Choose the date from which the exchange rate should take effect. This date is inclusive, meaning the rate applies starting on the selected date.
- End Date: Select the date on which the forward rate should end. This must be a date after the Effective From date
Click Add to save the exchange rate
Please note that you cannot add more than one Forward Cover Rate for the same currency with the same Effective From date and End Date.
If a Forward Cover Rate already exists for that date, the system will display an error.
To continue, update the Effective From date to a date which is after the End date of the existing Forward cover end date and save the Forward Cover Rate again.
Forward cover rate date and exchange rate overlap - forward cover rate will be used first
How Forward Cover Rate works
When a Forward Cover Rate and a standard Exchange Rate overlap for the same currency and date, the system will always apply the Forward Cover Rate first.
Forward Cover Rates override standard Exchange Rates because they represent a committed future‑dated rate. Once the Forward Cover period ends, the system automatically reverts to the standard Exchange Rate.
