Global Finance

Get FX Gains and Losses Right, Every Transaction

When exchange rates are typed in by hand and updated whenever someone remembers, foreign currency gains and losses come out wrong or get missed entirely, and the difference only shows up when the books will not reconcile. cifraHQ pulls rates automatically and calculates the gain or loss on every foreign transaction, so your functional-currency numbers hold up.

See Currency Demo All Features
168+
Currencies
Auto
Rate Updates
IFRS
Compliant
Live Exchange Rates

Base Currency: USD

EUR
EUR
Euro
0.9215
0.15%
GBP
GBP
British Pound
0.7892
0.08%
MXN
MXN
Mexican Peso
17.0845
0.32%
COP
COP
Colombian Peso
3,945.20
0.21%
Last updated: Today at 14:30 UTC

Consider what manual rates actually cost. One invoice is booked at last week's rate, another at a number pulled from a search, and a payment that lands months later is converted at whatever figure is handy that day. Each small inconsistency creates a gain or loss that is either wrong or never recorded, and by close the foreign currency accounts drift far enough that someone has to reverse-engineer the difference. The rate, not the effort, is where the error creeps in.

Complete Currency Management

Everything you need for international transactions and multi-currency accounting.

Auto Rate Updates

Rates come in automatically from trusted sources on the schedule you choose, so no transaction is ever booked at a stale or guessed number typed in by hand.

Realized Gain/Loss

When a foreign currency invoice is paid, the realized gain or loss is calculated and posted for you, so it lands in the books correctly instead of being forgotten or worked out later by hand.

Period Revaluation

Revalue open foreign currency balances at month-end in one run, so unrealized gains and losses are recognized consistently rather than estimated across a spreadsheet.

Foreign Invoicing

Bill customers in their own currency while your books stay in your functional currency, with the conversion handled for you so the two never drift apart.

Multi-Currency Banks

Hold bank accounts in several currencies and record transfers between them at the right rate, so cross-currency movements reconcile cleanly instead of leaving unexplained differences.

Rate History

Every rate is kept on record, so backdated transactions use the rate that actually applied and auditors can see exactly which figure was used and when.

Automatic Gain/Loss Tracking

When exchange rates change between invoice and payment, cifraHQ calculates and posts the realized gain or loss automatically.

  • Realized gain/loss on payment
  • Unrealized gain/loss at period end
  • Separate GL accounts for tracking
  • Detailed transaction-level audit
Invoice #INV-2024-0847 EUR Transaction
Invoice Amount €10,000.00
Invoice Date Rate 1.0850
Booked at (USD) $10,850.00
€10,000 $10,850
Payment Date Rate 1.0950
Payment Received $10,950.00
Realized Gain +$100.00

Standards Compliant

Multi-currency handling follows IFRS and GAAP requirements for foreign currency transactions.

IFRS
US GAAP
IAS 21
ASC 830

Go Global with Confidence

See how cifraHQ handles multi-currency transactions for your international operations.

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