Does EasyFin use current or historical exchange rates?

Historical. Each transaction is converted at the rate on the date it happened and that rate is stored, so past reports do not change as exchange rates move. Toshl, Lunch Money and PocketSmith also store per-transaction rates; PocketSmith converts account balances at the last balance date rather than historically.

Is multi-currency support free in EasyFin?

Yes. Multi-currency accounts, automatic conversion and historical rates are all on the free plan, which covers 3 accounts and 300 transactions a month.

A budgeting app that speaks more than one currency

EasyFin is a multi-currency personal finance app. You can hold accounts in different currencies at the same time, record a transaction in the currency you actually paid in, and see budgets, spending and net worth converted into one preferred currency. Conversion uses the exchange rate from each transaction's own date, so a report from six months ago shows the same numbers today. Multi-currency is included on the free plan.

Key takeaways

Six of the twelve most popular personal finance apps have no multi-currency support at all, including YNAB, Monarch, Copilot and Empower.
EasyFin holds every account in its own currency and converts into one preferred currency for combined budgets, spending and net worth.
Conversion uses the rate from each transaction's own date, so a report you ran six months ago shows the same numbers today.
Multi-currency, historical rates and rollover are all on the free plan — 3 accounts and 300 transactions a month.

Which budgeting apps support multiple currencies?

Six of the twelve most popular personal finance apps have no multi-currency support at all, and that includes the largest US names. YNAB fixes the currency when you create a budget and never converts. Monarch displays a generic currency symbol and adds different currencies together. Copilot supports US dollars only. Simplifi holds US and Canadian dollars side by side without converting between them. The common workaround — one budget per currency — destroys the combined view that made you want the app.

How do I track accounts in different currencies?

Set the currency you think in. Every account keeps its own: a Canadian chequing account stays in Canadian dollars, a euro savings account stays in euros, a Ukrainian card stays in hryvnia. Balances, budgets and analytics convert into your preferred currency for the combined view, while each transaction keeps the amount and currency you actually spent.

What happens to a budget when the exchange rate moves?

A budget in EasyFin freezes the exchange rate at the moment each transaction is counted against it. Spending 50 euros against a Canadian dollar budget consumes a fixed amount, and that amount does not drift later because the euro moved. Unspent budget rolls over to the next month, and rollover is free — the four rivals that offer it all charge.

Frequently asked questions

Which budgeting apps support multiple currencies?: EasyFin, PocketSmith, Toshl, Lunch Money and Kubera all handle multiple currencies. Spendee and Wallet by BudgetBakers use a weaker wallet-per-currency model. YNAB, Monarch, Copilot, Simplifi, Empower and Rocket Money have no multi-currency support.
Does EasyFin use current or historical exchange rates?: Historical. Each transaction is converted at the rate on the date it happened and that rate is stored, so past reports do not change as exchange rates move. Toshl, Lunch Money and PocketSmith also store per-transaction rates; PocketSmith converts account balances at the last balance date rather than historically.
Is multi-currency support free in EasyFin?: Yes. Multi-currency accounts, automatic conversion and historical rates are all on the free plan, which covers 3 accounts and 300 transactions a month.

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