Currencies allow you to manage multi-currency transactions within your business operations. In Rackbeat, you can create new currencies, delete existing ones, set custom exchange rates, and monitor current exchange rates for all your configured currencies. Exchange rates are automatically updated hourly using the fixer.io service, but you can override this with fixed rates when needed for specific business requirements. You can revert to live exchange rates at any time by using the "Reset currency back to default" endpoint.

These currency settings are essential for businesses operating internationally, as they enable accurate pricing, invoicing, and financial reporting across different markets and customer bases.