Exploring currency administration

The ServiceNow AI Platform® supports two types of currency fields: default (or standard) currency and Foreign Exchange (FX) currency.

Default (standard) currency

The default, or standard, currency fields that are delivered with the ServiceNow AI Platform.

FX Currency

FX Currency is an alternate type of currency field that is highly configurable, supports custom rate tables, and provides for improved visibility into conversion calculations. You can add FX Currency fields to base and custom applications, and they work independently of existing standard currency fields.

• Standard currency fields
  The standard, or default, currency fields are installed with the base system and used in most non-financial applications.
• FX Currency fields
  Use FX (Foreign Exchange) Currency fields as an alternative to the standard (default) currency fields found in most applications. They are highly configurable, support use of custom rate tables, report aggregations, and provide for improved visibility into conversion calculations.