Multi-Currency
Each item in its own currency, every total in yours.
Updated
Turning It On
- Open Settings and find the Currencies section.
- Under Supported Currencies, use the Add currency dropdown to add another.
- Currency pickers now appear on your accounts, assets and transactions so you can record each in its own currency.
Primary vs Supported
Two settings, doing different jobs:
- Primary Currency - what everything is displayed in. Every total across the app, including net worth and budgets, is shown in it.
- Supported Currencies - the set you are allowed to record individual items in. Add the ones you actually use; you can remove any except your primary.
Changing your primary currency recalculates every total, so your accounts, assets, budgets, goals and net worth all move to the new currency together.
What You Can Hold in Another Currency
Once you have more than one supported currency, an inline currency picker appears wherever you enter an amount:
- Bank and investment accounts.
- Manual assets and vehicles.
- Crypto and manual holdings.
- Real estate and liabilities.
- Transactions and income sources.
Each item keeps its own currency, and Cadence converts it into your primary currency whenever it rolls up into a total. Only Canadian and US accounts can be linked to a bank; a GBP account is tracked manually. See Synced Accounts.
How Conversion Works
Cadence converts using daily exchange rates published by the Bank of Canada. Because those update once per business day, your converted totals reflect the most recent published rate rather than live intraday prices. A foreign-currency balance will not tick up and down with the market through the day.
If Cadence cannot reach the latest rates for a moment, it falls back to a recent approximate rate so your totals still load, then updates once live rates are available.
Converted totals are close estimates
Not exact to-the-cent conversions. If you need a precise figure for a particular day, take it from the account in its own currency, where nothing has been converted.
Good to Know
- With only one supported currency, no pickers appear and every amount is treated as your primary currency. There is nothing to convert.
- An item saved without a currency is treated as Canadian dollars.
- Each budget tracks a single currency. Spending recorded in another is converted before it counts toward that budget.
- Rounding amounts to the nearest dollar is a separate Appearance setting and has nothing to do with conversion. See Settings.