Settings, security, and export

Exchange rates

TallyFolio supports CAD, USD, EUR, and GBP with exchange rates you enter yourself, dated for when they apply.

Last updated 2026-07-19

Use this page to manage the manual, effective-dated exchange rates that let amounts in CAD, USD, EUR, and GBP appear together in combined totals.

Two principles govern everything here. First, original amounts are never rewritten — a USD transaction stays in USD forever, and converted values are estimates derived for reporting only. Second, there is no live rate provider: every rate is one you entered, dated for when it applies.

Before you start

  • Confirm your base currency in Settings — that's the currency combined totals, reports, and budgets are expressed in.
  • The page lists currency pairs found in your accounts and transactions that have no direct or reverse rate, with a shortcut to prefill each pair in the add-rate form.

How to use it

  1. Open the exchange-rates settings page and add a rate: the currency pair, the rate as a decimal (for example 1 USD = 1.37 CAD), and the date it takes effect.
  2. Add newer rates over time rather than editing history. Historical figures use the rate in effect on each transaction's date; forward-looking figures like the forecast use your most recent rate and are labelled as estimates.
  3. Rely on the automatic reverse direction: entering USD to CAD also covers CAD to USD.
  4. For accurate history, enter rates dated near your past activity — a rate added today converts old transactions too, but at today's number.

What affects this page

  • Only the rates you enter, edit, or delete — nothing arrives from outside.
  • Which rate applies where: transaction-dated rates for historical reports and budgets, the latest rate for forecast and subscription equivalents.

What does not affect this page

  • Live currency markets — no rates are fetched from anywhere, ever.
  • Your stored amounts — adding, changing, or deleting a rate never rewrites a transaction or an account balance; only derived converted totals change.
  • Third currencies — conversion works only through direct pairs and their reverses. There is no chaining through an intermediate currency, so USD-to-EUR needs its own rate even if USD-to-CAD and CAD-to-EUR exist.

Common mistakes

  • Assuming missing rates default to one-to-one. They never do — amounts without a rate stay out of combined totals, clearly noted, until you add one.
  • Entering a single rate today and expecting years of history to convert accurately. It converts, but all at that one number — date your rates near the activity they cover.
  • Entering the rate upside down. Double-check the direction: 1 unit of the first currency equals the rate in the second currency.
  • Expecting a USD-to-EUR conversion to work because both convert to CAD. Only direct pairs (and their reverses) are used.

FAQ

Why is an amount "excluded" from a converted total?
No rate covers that currency pair for the date in question. TallyFolio excludes it and says so rather than pretending the currencies trade one-to-one. Add a rate and the amount joins the total.
Do rates update automatically?
No. There is no rate feed. Every rate is manual and dated, which means your converted totals are exactly as current as you keep them.
Does adding a rate change my transactions?
Never. Original amounts and currencies are permanent. A rate only changes the derived, display-time conversion into your base currency.
Which currencies are supported?
CAD, USD, EUR, and GBP — for accounts, transactions, and rates alike.

Where this lives in the app

Related articles

  • Reports

    Historical, read-only analysis of spending and merchants over any period you choose.

  • Spending targets

    Give a category a monthly target, then read the whole year against it in the grid.

  • Forecast

    See projected cash over the next 30, 60, or 90 days under three scenarios, plus what your credit-card statements are heading toward.

  • Accounts

    Create the accounts your money lives in, keep credit-card details current, and retire accounts you no longer use.