How Dreamdata Handles Currency Exchange in Stage Models

Updated by Vitoria

Here's a concise breakdown of how Dreamdata makes sure your currency is converted following a systematic approach:

  • Default Currency: Dreamdata assumes that the currency used in the Stage model aligns with the overall currency setting of the platform.
    To select your preferred currency inside Dreamdata, navigate to: Data Platform > Settings > General within the app.
    If a CRM object doesn't have a specified currency, it will default to the primary currency set in the settings.
  • Timestamp-based Conversion: Currency conversion is determined by the stage's timestamp.
    We rely on the European Central Bank (ECB) for daily updates on currency exchange rates. This ensures that our conversions are accurate and up-to-date.
Example Scenario: If the currency of your account in Dreamdata is set to USD, but a closed-won opportunity is in CAD with a close_date of October 1st, 2023, we will fetch the USD to CAD conversion rate from the ECB for that specific date to ensure accurate currency representation.

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