Currencies

The app allows you to manage your finances in different currencies, making it easy to handle international transactions or work with multiple currencies. Follow these steps to change and manage your currency settings:

Step 1: Accessing the Settings

1. Open the app on your device.

2. Tap on the More icon located at the bottom right of the screen.

3. In the "More" menu, scroll down and tap on Settings.

Step 2: Changing the Currency

1. Within the Settings menu, locate the Currency section.

2. Tap on the currency option to open the list of available currencies.

3. Scroll through the list and select the currency you wish to use.

Step 3: Customising Currency Display

In the same Currency settings section:

• Show Symbol: Toggle this on to display the currency symbol (like $, €, £) next to your amounts.

• Show Background: Enable this to add a visual background behind currency values, which can help distinguish when they have pending warnings, are overspent or have available funds.

Step 4: Confirming Your Selection

1. Once you’ve selected your desired currency and display preferences, your changes will automatically be applied.

2. You can now return to the main menu and continue using the app with your updated currency settings.

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Currency on widgets

If you’re using the widget to display recent transactions, the currency shown will automatically update based on your settings.

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Managing Multi-Currency

The app offers flexibility in managing different currencies, making it suitable for users with international finances. You can setup different currencies for individual accounts. However, please note that there is currently no foreign exchange (FX) feature within the app. This means the app does not automatically convert between currencies when you transfer funds between accounts.

Currently, the app does not support automatic foreign exchange (FX) conversions when transferring funds between accounts in different currencies. This feature is a work in progress, and we are actively working on implementing it to align with our zero-based budgeting approach. For now, manual adjustments to account balances are necessary after transfers involving different currencies.

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Handling Multiple Currencies Manually

While we work on implementing FX capabilities, you can manage multiple currencies in one of the following ways:

• Classic Budget Approach: Use the classic budget setup and manually adjust the account balance after transferring funds between currencies.

• Separate Budgets for Each Currency: Create a distinct budget for each currency you manage. This helps you maintain clarity and accuracy without needing to convert currencies manually within a single budget.

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How to Manage Transfers Between Currencies with differnet budgets:

1. Set Up an Expense: In your primary budget (the one you're transferring from), create an expense category that represents the transfer to another budget in a different currency.

2. Record the Transfer: When you make the transfer, enter it as an expense in this category, representing the amount you're transferring out.

3. Log the Income: In the target budget (the one you're transferring to), record the transferred amount as income. Adjust the amount to reflect the correct value in the new currency after conversion.

This method ensures that your budgets remain balanced and accurate, even when dealing with multiple currencies, while staying true to the zero-based budgeting method.

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Future Updates

We understand the importance of having a seamless multi-currency experience, especially for users who need to track finances across different regions. Implementing an effective FX feature that aligns with zero-based budgeting principles is a high priority for us. However, the complexity of this integration is taking time to perfect.

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