Any cost element in any cost item can be in any currency. Mandrel will automatically handle currency conversions whenever actual costs are being calculated for a report. Reports can be expressed in any currency.
Direct costs may be expressed in any currency. Defined costs are expressed in terms of a unit price, and unit prices may be expressed in any currency.
Mandrel provides built-in definitions for 14 of the world’s most commonly used currencies, plus an ability to define others. A total storage capacity for 256 currencies is provided, although there probably aren't this many currencies in use in the world.
Base currency is the default currency in which all costs are expressed unless you specifically decide otherwise in a particular case. It is also the currency relative to which exchange rates are expressed. Base currency is selected when a new datafile is opened.
You are responsible for entering and updating exchange rates.
Updating Exchange Rates
Currency conversion only occurs when a report is generated, so updating an exchange rate does not require you to change any stored cost item data.
Exchange Rate Validity
For situations where the cost outcome is very sensitive to exchange rates, a facility is available to automatically retire exchange rates after a given period (30 days, 7 days, or 1 day), thus forcing you to enter updated rates. Normally, however, exchange rates are valid indefinitely, until you decide to change them.
If you have set up a time-based cost allocation system, you can expand exchange rates so that each allocation block will have its own rate for a particular currency. For example, if your allocation system represents consecutive calendar years, you can have a different exchange rate for each year.