---
sourceDocument: Australia ServiceNow AI Platform Administration
sourceDocumentLink: https://www.servicenow.com/docs/r/australia/platform-administration

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia ServiceNow AI Platform Administration

ft:clusterId :

    - platadm

bundleId :

    - platadm

workflow :

    - Platform


---

# Defaults required for standard currency use

# Setting up defaults required for standard currency use {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
Set up the defaults required for use of standard currency fields in your
instance.
* **[Control default currency field configuration and use in an instance](https://www.servicenow.com/docs/s0yf5qq8xhgXU6r5o50m4w)**   
  You can control how currency fields are configured and used in your instance.
* **[Change default currency decimal places](https://www.servicenow.com/docs/oScgBAslogQcjWqIJq1O7Q)**   
  You can specify the number of decimal places stored and used in currency fields and calculations.
* **[Configure default currency fields in audit records](https://www.servicenow.com/docs/Fx_F3aAiCdd_tXeMtjTL_A)**   
  You can control what currency value is stored in audit records.
* **[Configure the currency optimizer](https://www.servicenow.com/docs/rRZpVRr9HkkGiK2kfDtOMQ)**   
  You can configure the system to use an optimizer for currency/price fields to speed up list view (reading currency/price values).
* **[Default currency conversions](https://www.servicenow.com/docs/5eRHpXAWiNFimt7DA95_bA)**   
  Currency values can be converted to other currencies when stored and accessed.

**Related concepts**   

* [Setting up defaults required for FX Currency use](https://www.servicenow.com/docs/fn0~PUyHdeh3tNERbgCb7g "Set up the defaults required for use of FX Currency fields in your instance.")