Foreign Currency

Steph Hilton Updated by Steph Hilton

Introduction

From January 2026, Foreign currency will be supported within the Contract module in Source to Contract.

When enabled, this means the primary contract value can be held in a foreign currency which is different to the site currency and can be used for reporting and budgeting purposes.

By default, the toggle is set to off:

When the toggle is enabled, the foreign currency selection field will appear:

Where Can Foreign Currency Be Applied?

The Enable foreign currency toggle appears in several places in the product:

Sourcing Activity - On the Contract Award form
Contract Module - On the New Contract Creation Wizard
Contract Module - On the New Contract Creation Form
Contract Module - On an existing contract when the contract is in draft mode

Click on Edit to enable access to the toggle:

Slide the toggle to the right to make the Foreign Currency selection box visible and select the currency from the list

Remember to Save to apply any changes.

If the Foreign Currency setting is enabled for a contract that is in Draft status, entering or updating the current contract value will reflect the selected foreign currency settings.

  • When the Enable Foreign Currency is turned on, the setting will also apply when entering additional values on a Contract variation and when entering values during the addition or amendment of an option.

How Are Rates Updated?

Rates can be updated via the API.

The API is intended only for users familiar with API integration and consumption. Further details on updating rates can be found within the Knowledge Deep Dive section.

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