-01%20(Custom).png?height=120&name=Rose%20Rocket%20Logo%20(Alternate)-01%20(Custom).png)
See foreign currency amounts converted to your home currency.
Rose Rocket automatically converts foreign currency values into your organization’s Default (Home) Currency, helping you work seamlessly across currencies while maintaining clear visibility into costs and profitability.
Setting up your Exchange Rates
To manage exchange rates, go to Settings > Financials > Exchange Rates. From there, you can manually add rates for any supported foreign currency to your Home Currency.
Each exchange rate requires an Effective Date. The system will automatically calculate a To Date based on other available rates. When converting values, the system looks for the most recent exchange rate before the relevant date. If none is found, the converted value will be left blank.
Default Converted Fields
By default, Rose Rocket converts key money fields using their relevant dates:
-
Orders – Earnings, Costs, and Margin (based on Order Created Date)
-
Manifests – Total Costs (based on Manifest Created Date)
-
Invoices – Total Amount (based on Invoice Date)
-
Bills – Total Amount (based on Bill Date)
These converted fields are labeled with “(Home)” at the end and can be added to boards and detail views.
Need to convert additional fields or use different reference dates? Contact us at support@roserocket.com.
Updating Exchange Rates
When you add or update an exchange rate, the system re-evaluates affected transactions and fields. Each exchange rate has an Effective Date, and the system automatically calculates a To Date based on the next available rate.
For each transaction, the system finds the exchange rate whose date range (Effective Date → To Date) covers the transaction’s reference date. If a new rate changes that coverage, for example, by creating a closer date range, the system will update the transaction to use the new rate.
Example
-
Order-1 has a Created Date of July 1
-
It currently uses an exchange rate with an Effective Date of May 1, and a To Date of August 1
You add a new exchange rate with an Effective Date of June 1. This shifts the To Date of the May 1 exchange rate to May 31.
Order-1 will now fall within the June 1 exchange rate’s range and be updated to use it automatically alongside with all the fields.
FAQ
Will the converted amounts sync to my accounting software?
No. Converted amounts in Rose Rocket are for display and reporting purposes only. They are estimates based on your configured exchange rates and do not impact your accounting software or financials.
Do exchange rates update automatically?
Not at this time. Exchange rates can be entered manually in Settings > Financials > Exchange Rates.
What happens if no exchange rate is available for a given date?
If the system can’t find an exchange rate effective before the transaction date, the converted value will be left blank.
Can I convert other fields beyond the default ones?
Yes, we support custom conversions. If you need additional fields converted or want to use different reference dates, contact us at support@roserocket.com.
How are the Effective Date and To Date used?
The Effective Date is the start date for a rate. The To Date is calculated automatically based on the next available rate. A transaction will use the rate where its reference date falls between the Effective and To Dates.
Can I enter rates for multiple currencies?
Yes. You can add exchange rates for any supported foreign currency to your organization’s Default (Home) Currency.
Can I backdate or change a rate later?
Yes. If you update a rate with a new Effective Date, the system will re-evaluate all affected transactions and apply the updated rate where applicable.