You may need to add exchange rates in PeopleXD to convert your default currency to another. For example, if you pay UK employees in pounds and Ireland employees in euros.
When converting values to a single currency, PeopleXD Pay Planner uses constant currency. This means it applies one exchange rate per currency across all periods, based on the last day of the period selected in the time picker.
Add currency rates
To add currency rates, watch the video or follow the steps below.
From the dashboard menu, search for and select Data Centre.
Next to People Analytics Configuration, click Open.
Click the Currency tab, then click Add Exchange Rate.
Select the relevant currency then enter the currency rate.
In the Date Effective field, select the date the currency rate should apply.
Click OK.
Validation steps
To ensure PeopleXD Pay Planner accurately identifies the correct currency and applies appropriate conversion rates, you need to complete the following validation steps for employees not paid via PeopleXD Payroll.
Create a company per currency.
Set the correct currency for each company.
Link each company to the relevant pay group.
Link each employee to the relevant pay group.