Archives For November 30, 1999

Wondering how to account for foreign currency in your travel expense reports? Expensify makes it simpler than ever.

What is foreign exchange accounting?

Foreign exchange accounting is the process of recording business expenses in currencies other than your own.

If you’ve ever taken a business trip to another country, for instance, then you’ve likely found yourself wondering how to get reimbursed for expenses you paid for in yen (or euros, or yuan, or any other type of foreign currency) instead of dollars. 

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We’ve added yet another feature to make expense reporting easier for you.  Not working with US dollars?  Now you can set the default currency for your account to be the legal tender of your locale.  Feel free to import expenses in one of the 58 supported currencies.  Add these expenses to your report as you normally would.  When the report is generated, we’ll automatically convert all expenses in to your local currency automatically.  All historical currency conversion rates are nominal noon rates imported directly from the Bank of Canada at 14:30 EST, daily.

Currency exchange

Expensify can now import expenses in 58 currencies.

Go ahead, give the new currency conversion feature a try!

We’re always looking for ideas to improve our service.  If your currency isn’t supported and you want it to be, or you’re having issues, write in and demand an answer:

The full list of international currencies supported by Expensify:
UAE Dirham
Neth Antilles Guilder
Argentine Peso
Australian Dollar
Brazilian Real
Bahamian Dollar
Canadian Dollar
Swiss Franc
Chilean Peso
Chinese Yuan
Colombian Peso
Czech Koruna
Danish Krone
Fiji Dollar
British Pound
Ghanaian Cedi
Guatemala Quetzal
Hong Kong Dollar
Honduras Lempira
Croatian Kuna
Hungarian Forint
Indonesian Rupiah
Israeli Shekel
Indian Rupee
Iceland Krona
Jamaican Dollar
Japanese Yen
Korean Won
Sri Lanka Rupee
Moroccan Dirham,
Myanmar Kyat
Mexican Peso
Malaysian Ringgit
Norwegian Krone
New Zealand Dollar
Panama Balboa
Peruvian Nuevo Sol
Philippine Peso
Pakistani Rupee
Polish Zloty
Romanian New Leu
Serbian Dinar
Russian Rouble
Swedish Krona
Singapore Dollar
Thai Baht
Tunisian Dinar
Turkish Lira
Trinidad & Tobago Dollar
Taiwan Dollar
United States Dollar
Venezuelan Bolivar Fuerte
Vietnam Dong
CFA Franc
East Caribbean Dollar
Pacific Franc
South African Rand

Expensify : Expense reports that don’t suck!