Using Foreign Currencies

Using Foreign Currencies

When you incur an expense in a foreign currency, Emburse Spend converts it to your home currency. If you pull in card transactions on a connected card, any transaction made in a foreign currency is already converted to your home currency when it displays in your account.

Administrators can set a default home currency for international employees. See Setting a Home Currency for Your International Employees for details.

Enter a Foreign Currency Expense on Mobile

When you create an expense in the mobile app, select the currency of the purchase and enter the amount in that currency. Emburse Spend converts the amount to your home currency automatically.

  1. From the Dashboard, tap +.

  2. Mobile Dashboard with plus button to create a new expense

  3. Tap the currency code next to the amount.

  4. New Expense screen with currency code next to the amount

  5. Select the currency of the expense.

  6. Currency list with search field for selecting the expense currency

  7. Enter the amount you are expensing. Emburse Spend converts it to your home currency automatically.

  8. New Expense screen showing the entered amount and conversion to home currency

Enter a Foreign Currency Expense on the Web

When you create an expense on the web, select the currency of the purchase and enter the amount in that currency. Emburse Spend converts the amount to your home currency automatically.

  2. In your Personal sidebar, select Reimbursements.
  3. Select + NEW.

    4. Reimbursements page with Reimbursements selected in the Personal sidebar and the + NEW button in the upper-right corner

  4. Select the currency code to the right of the Amount field.

  5. Select the currency of the expense.

  6. Web expense form currency selector dropdown

  7. Enter the amount you are expensing.

  8. Emburse Spend automatically converts it to your home currency.

  9. Fill out any remaining required or optional fields.
  10. Select CREATE.

Exchange Rates and Conversion

When an expense is submitted in a different currency, Emburse Spend applies the exchange rate for that expense date and records the amount in your home currency. By default, the exchange rate for the expense date is applied. If you change the expense date, the correct exchange rate for that day is applied automatically. We use Open exchange rate for the reimbursement conversion.

For corporate card transactions, the conversion is done by the bank.

When you export this data to a CSV, each expense line includes the amount in your home currency and the amount in the foreign currency used for the purchase. For more information on exporting expense data to a CSV or PDF, see How Can I Export My Expense Data (CSV and PDF).

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