A trip abroad, a US software subscription or a foreign client all produce amounts in other currencies. If you add rupees and dollars as if they were the same, every total is wrong. The fix is one base currency and a clear conversion for everything else.
Pick a base currency
Your base currency is the one you think in and report in. For most readers of this article that is the Indian rupee. Choose it before you import, because a workspace’s base currency cannot be changed once transactions exist.
Keep both amounts
For each foreign expense, keep the original amount and currency, plus the amount in your base currency at the rate that applied. SpendixAI stores both on the transaction, so totals use the converted amount and you can still see what you were actually charged in the original currency.
Why the rate matters
Your card does not use the rate you see on a currency website. Cards usually add a markup, and a card machine that offers to charge you in rupees can add its own conversion cost. Comparing the rate on your statement with the day’s market rate shows what that spending really cost.
See it in one report
The Foreign-currency spend report in the Report library groups your expenses in other currencies by account and currency, with the total in the original currency, the total in your base currency and the average exchange rate.
Make sense of every transaction.
Search, filter, and organise your income and expenses as your financial history grows.
