Introduction

This guide explains how to manually add exchange rates in TRAEDE. Exchange rates determine how foreign currency orders are calculated into your base currency (e.g., DKK). This article covers the basics of entering a new exchange rate. Additional guides will cover special exchange rates, automatic updates, and how to apply new rates to existing orders.

This article is intended for TRAEDE admins or finance users managing multi-currency operations.

Step 1: Open exchange rate settings

1. From the TRAEDE home screen, go to Settings.

2. Scroll to the bottom and click Exchange rate.

3. At the top of the page, you'll see a table with your existing exchange rates.

Ignore the three right-most columns for now—those relate to special exchange rates and are covered in a later guide.

Step 2: Add a new currency

1. Use the search bar to find the currency you want to add (e.g., type CAD for Canadian Dollar).

2. Click Add next to the currency.

Step 3: Enter the exchange rate

TRADE uses the format:
1 unit of your base currency = X units of the foreign currency

Example:
If your base currency is DKK and 1 DKK = 0.19 CAD, you should enter 0.19 as the exchange rate.

✅ Tip: Google "1 DKK in CAD" to get the latest rate.

Step 4: Convert reversed exchange rates (optional)

If you're used to thinking in reverse (e.g., "1 EUR = 7.5 DKK"), you can convert it using a calculator:

1. Divide 1 by the rate:
   Example: 1 ÷ 7.5 = 0.13

2. Use 0.13 as the exchange rate in TRAEDE.

Once saved, any new orders placed in the added currency will use the specified exchange rate for calculations.