Multicurrency: Transaction Currency

The transaction currency The transaction currency is the currency in which your organization receives a revenue transaction such as a payment or pledge. For example, if your organization receives a donation of 100 USD, the transaction currency for this revenue is United States dollars. If you receive a donation for 100 GBP, the transaction currency is pounds sterling. is the currency in which your organization receives a revenue transaction such as a payment or pledge. For example, if your organization receives a donation of 100 USD, the transaction currency for this revenue is United States dollars. If you receive a donation for 100 GBP, the transaction currency is pounds sterling.

The transaction currency is the currency type that is always used in communication with a donor. If a donor pledges an amount in euros, she expects acknowledgement letters and payment reminders to show the pledge amount in euros. Each office determines the transaction currencies it accepts by creating currency sets. For information about how to create and assign a currency set to an application user, refer to Multicurrency: Currency Sets.