Using Custom Currencies
Last updated September 17, 2024
Do you travel frequently or share expenses with friends who use different currencies? Splitwise allows you to manage expenses and track balances in multiple currencies, making it easy to keep track of your finances across borders.
Managing Expenses in Different Currencies
- Setting Your Default Currency:
- Account Settings: Navigate to your account settings within Splitwise.
- Choose Your Currency: Select your preferred default currency for your account.
- Adding Expenses in a Different Currency:
- Expense Entry: When adding an expense, you'll find a "Currency" field.
- Select the Currency: Choose the currency relevant to the expense. Splitwise will automatically convert the amount to your default currency for balance tracking.
- Viewing Balances in Multiple Currencies:
- Balance Breakdown: Your balances will be displayed in your default currency, but you can switch between different currencies to see a breakdown.
- Currency Exchange Rates:
- Real-Time Rates: Splitwise utilizes real-time exchange rates to ensure accurate conversion for your balances.
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