# Currencies

#### **How to add currency?**

<figure><img src="https://docs.pixelstrap.net/laravel/taxido/assets/images/laravelApi/taxido/currency.png" alt=""><figcaption></figcaption></figure>

<figure><img src="https://74030740-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6o4UzjBZtMQpeq4oeh8s%2Fuploads%2FYAReqZHBqkYdbfE71O9R%2Fimage.png?alt=media&#x26;token=8d3e39ae-8f8a-4041-98a7-e8e77bb385a5" alt=""><figcaption></figcaption></figure>

* **Currency Code:** Choose your desired currency code from the list. Once selected, the system will automatically fetch and display the correct currency symbol for you.
* **Currency Symbol:** No need for manual input! The system will instantly apply the corresponding currency symbol based on the selected code.
* **Decimal Number:** Configure the number of decimal places to display for the selected currency. This ensures precise formatting for financial values.
* **Exchange Rate:** Enter the exchange rate for converting other currencies to the base currency (e.g., US Dollars). The exchange rate is crucial for financial calculations.
* **Status:** Activate or deactivate specific currencies. Deactivated currencies will not appear as options in the system.

### Currency Settings

<figure><img src="https://74030740-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F6o4UzjBZtMQpeq4oeh8s%2Fuploads%2FCzi0uCW3l5ZjY1Mgglor%2Fimage.png?alt=media&#x26;token=f68d97a3-3d23-4ce0-9ed0-2ef999aff350" alt=""><figcaption></figcaption></figure>

The **Currency** setting lets you choose the default currency for your system. Remember to click **Save** after selecting.