Currency

Reports display in the currency selected in the Control Center.
Reporting Currency reports display data taking foreign exchange rates into consideration.
Local Currency reports display data, as it was entered in the system, allowing reports to agree with the source information.
Most reports can be viewed in either Local or Reporting Currency for a single unit. However, other reporting levels may not combine if the underlying units' currency designations differ.
To display the local currency report with multiple currencies, add the ALLOWMULTICURRENCYREPORT system parameter with a paramvalue of Yes. To add this parameter go to Administration > System > Manage Configurations > Reporting > Other.  Select Yes for Allow Multiple Local Currencies on Reports.
The Currency option in the Control Center allows you to toggle between reporting currency and local currency.
Currency Translation Adjustments and other advanced currency concepts are discussed in Foreign Currency Issues.