> ## Documentation Index
> Fetch the complete documentation index at: https://recontrol.money/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Currencies and rates

> Each account keeps its own currency; each space adds them up in one reporting currency, at today's rates.

**Each account keeps its own currency**, set when it's made and never changed. A connected account takes its bank's; Zerodha holdings are in rupees. Categories and sources are in the space's currency.

**Each space adds up in its Reporting Currency**: class totals, budgets, goals and watchlists. Each account is converted at today's rate first.

![Family in Bengaluru's Home on the web, every figure in rupees, with the space switcher open on Household and Family in Bengaluru.](https://mintcdn.com/recontrol/sM_LewCYsSNmvpyF/images/screens/india-home-light.png?fit=max\&auto=format\&n=sM_LewCYsSNmvpyF\&q=85\&s=e09a7a9cc01925d0b46208213df9feec)

## Rates

Rates come from [ExchangeRate-API](https://www.exchangerate-api.com), at most once a day; only currency codes are sent. Recontrol keeps no history of rates, so past figures convert at today's rate too.

A currency with no rate today is left out, never added unconverted: its accounts say **Not in the total**, and the total is marked "≈".

## Between two currencies

Rupees sent to a dollar account take both real amounts, what left and what arrived, each shown on its own side, **From** and **To**. Recontrol never derives a rate, so your bank's fee is in the figures.

## Changing a space's currency

Tap **Currency** on the space's page. Every member's totals change, and each budget's limit, goal's target and alert amount is converted at today's rate. Accounts keep their own currencies.


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