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Foreign Currencies

Foreign Currencies settings control which currencies are available across Yarken for financial reporting, planning, analytics, forecasting, and operational cost management.

This page allows administrators to manage supported currencies used throughout the platform while maintaining consistency in financial reporting and multi-currency analysis.

Foreign Currency configuration supports:

  • Multi-currency reporting

  • Global financial analysis

  • Forecasting and planning workflows

  • Chargeback and allocation analysis

  • Regional operational reporting

  • Currency-based governance

  • International cost visibility

Access Foreign Currencies settings

To open Foreign Currency settings:

  1. Navigate to Admin

  2. Select Settings

  3. Open Foreign Currencies

The page contains:

  • Available Currencies

  • Selected Currencies

  • Currency activation controls

  • Currency search functionality

  • Base currency configuration

How Foreign Currencies work

Foreign Currency settings define which currencies are enabled within the Yarken environment.

Enabled currencies become available across:

  • Planning workflows

  • Financial models

  • Workforce Planning

  • Chargeback reporting

  • Cost analysis

  • Dashboards

  • Forecasting workflows

  • Operational reporting

Administrators can configure the currencies required for regional or global financial operations.

Available Currencies

The Available Currencies section contains all supported currencies that can be enabled within the platform.

Administrators can:

  • Search for currencies

  • Review supported currency codes

  • Select currencies for activation

  • Standardize global currency availability

Examples include:

  • USD – United States Dollar

  • EUR – Euro

  • GBP – British Pound Sterling

  • AUD – Australian Dollar

  • NZD – New Zealand Dollar

The list supports international operational and financial requirements.

Selected Currencies

The Selected Currencies section contains all currencies currently enabled in the environment.

Administrators can:

  • Review enabled currencies

  • Activate or deactivate currencies

  • Configure operational currency availability

  • Maintain reporting consistency

Selected currencies are available for use across supported Yarken workflows.

Base currency

One currency is designated as the platform base currency.

The base currency acts as the primary reference currency for:

  • Financial normalization

  • Reporting consistency

  • Cost comparisons

  • Planning calculations

  • Executive reporting

  • Chargeback analysis

The base currency is clearly identified within the Selected Currencies section.

Example:

  • NZD ($) New Zealand Dollar (Base Currency)

Maintaining a consistent base currency improves reporting reliability across operational and financial workflows.

Enable or disable currencies

Administrators can control which currencies are active within the environment.

To enable a currency:

  1. Locate the currency in the Available Currencies section

  2. Add the currency to Selected Currencies

  3. Enable the currency toggle

  4. Save the configuration

To disable a currency:

  1. Open the Selected Currencies section

  2. Turn off the currency toggle

  3. Save the configuration

Currency activation changes affect availability across supported reporting and planning workflows.

Save currency configuration

After modifying currency selections:

  1. Review enabled currencies

  2. Validate the selected base currency

  3. Select Save

The updated configuration becomes available across supported Yarken modules.

Search currencies

The Foreign Currencies page includes search functionality for both Available Currencies and Selected Currencies.

Search can help administrators:

  • Locate currencies quickly

  • Validate regional configurations

  • Simplify global administration

  • Manage large currency lists efficiently

This improves usability for organizations operating across multiple regions and financial environments.

Relationship with Currency Exchange Rate settings

Foreign Currencies works together with Currency Exchange Rate settings.

Foreign Currencies controls:

  • Which currencies are available

  • Which currencies are active

  • Base currency selection

Currency Exchange Rate settings manage:

  • Exchange rate values

  • Currency conversion logic

  • Financial normalization workflows

  • Multi-currency reporting calculations

Both settings are required for complete multi-currency financial management.

Operational and financial use cases

Foreign Currency configuration supports:

  • Global cost reporting

  • Regional financial analysis

  • Multi-national operational planning

  • International workforce planning

  • Chargeback allocation analysis

  • Vendor spend reporting

  • Cross-region forecasting

Well-managed currency configuration improves financial consistency and operational visibility across distributed organizations.

Governance considerations

Recommended practices:

  • Enable only operationally required currencies

  • Maintain a clearly defined base currency

  • Review currency availability regularly

  • Align currencies with reporting requirements

  • Validate exchange rate configurations

  • Standardize financial reporting structures across regions

Strong currency governance improves reporting consistency and financial reliability.

Relationship with other Yarken modules

Foreign Currency settings support multiple platform capabilities including:

  • Planning

  • Workforce Planning

  • Chargeback

  • Forecasting

  • Dashboards

  • Financial analytics

  • Operational reporting

Proper currency configuration improves platform-wide financial alignment.

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