You can upload new exchange rates by preparing a spreadsheet with the source currencies and their preferred exchange rates, and then import this spreadsheet into Bob via System Settings > Data Management.
These updated currencies and exchange rates will appear under Financials > Currencies in the Exchange rates table, reflecting the source currency, exchange rate, effective date, and the target (default) currency.
For reports, Bob automatically pulls exchange rates from openexchangerates.org, updating them at the start of each month. Salaries recorded in local currency are converted to default currency in reports, and you can select to convert all salaries to your default currency.
It’s important to note that exchange rates impact position costs, especially when dealing with positions in different currencies. Make sure that exchange rates are defined and up to date for all positions, as positions without cost or accurate exchange rates will be excluded from metric calculations in Workforce Planning. 💼