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Usama Rasheed

Advanced Multi-Currency Support for All Currency Fields in Salesforce

Globalization

Currently salesforce is providing basic multiple currency support for all standard objects. "Advanced" multi-currency support (the tracking of not just current exchange rates but also historical exchange rates) is important. It becomes a significant problem when a master object (like an Opportunity) has historical rates but its child objects (like Custom Expenses) only support current rates. Historical rates need to be available for use with all objects.

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Latest Comment from Salesforce

Saisai Wang - 7 months ago

Thanks all for your voting and feedback. This feature has been added to our long term roadmap. In the meantime we are working on bringing Advanced Currency Management to Lightning Experience. This should be available in Spring '20.

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Comments ( 121 )

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Leah Schneier - 12 days ago

So urgently necessary!!
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Ryan Wiltshire - 17 days ago

I'm not sure how you release a solution for advanced currency management in such a narrow scope. The fact that it doesn't work with CPQ or SF Billing is a massive gap.
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Janna McNeil - 1 month ago

This has quickly become a major hurdle with my rollout to my UK and European sales team. We store historical orders in a custom object and cannot use any of the currency amounts because the dated conversions do not work.

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yanhao Wang - 2 months ago
We badly need
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Kamal Kishore Singh - 3 months ago

This is really needed. When is this coming?
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Grishel Pinto - 4 months ago

Dated Currency Exchange rate should be enabled on CPQ quotes and quotes lines. Global organizations cannot function in Salesforce without this feature.
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Samuel De Rycke - 4 months ago

"Historical rates need to be available for use with all objects." +1

It's rather embarassing this hasn't been implemented yet.
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Ning Pariona - 5 months ago

@Saisai Wang: Are there any release notes on this? "Thanks all for your voting and feedback. This feature has been added to our long term roadmap. In the meantime we are working on bringing Advanced Currency Management to Lightning Experience. This should be available in Spring '20."

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RamEsh M S - 6 months ago

Like in Opportunity we have Close Date and it is key to fetch conversion rate from Dated Exchange Rates, we might need a unique Date field on custom objects to be as key to use Dated Exchange Rates. So, there could be lot of ways to think and go.
Or atleast we can enable it on core objects (Quote, Order etc) which have direct Lookup relationship to Opportunity.

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Juan Manuel Garrido - 6 months ago

+1
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Saisai Wang - 7 months ago

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Tobias Brand - 9 months ago

The C-level management is still confused why values from opportunities differ from values in forecasts and custom objects. At least the financial team exports everything into excel and updates the values there. Finally the managers just look at the excel sheets rather than into salesforce.
This is a straight road back from salesforce to excel. Because users ask me, why put everything in salesforce when reporting is done through excel.
My answer can be, well guys, salesforce is going to fix this, but they work on this since 11 years ...

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Jeroen Burgers - 9 months ago

It would be good to explain the background as to why this has never been considered for roadmap. Giving the option on at least custom objects to define an exchange rate date field, which is used by the CURRENCYRATE() (in formula fields) and convertCurrency() in SOQL. It sounds straight-forward, but apparently there's a compelling reason why this would be from a Salesforce architecture point of view be complicated maybe?

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Kristi Ward - 10 months ago

Honestly, Salesforce cannot call themselves a Global Company without this. Global Companies use Global Currencies everyday!
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Todd Huyghe - 10 months ago

This causes a lot of confusion for non-profits who collect donations internationally but use Custom Objects to manage allocations and payments.

For those that want to go the extra mile, you can access the dated exchange rates with Flows I was able to create a solutution for Custom objects (not standard Tools like Forecasts)- but it's cumbersome and just another thing to break for something that should be standard functionality.