Overview

Managing cloud costs across multiple regions can be challenging, especially when bills arrive in different currencies. Ternary’s multi-currency support allows you to:

• View cloud spend in your preferred currency.
• Standardize reports across cloud providers and currencies.
• Simplify financial reporting and reduce confusion.

This feature is currently in private beta and available to all Ternary customers upon request. To get access, please reach out to [email protected] or your Ternary Customer Success Manager.

Key features

• Preferred currency: Select your display currency. Supported currencies include AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, SEK, USD, & ZAR.
• Automatic conversions: Ternary automatically converts costs based on monthly exchange rates.
• Audit log: All changes to preferred currency settings are logged for transparency.
• MSP-level control: Managed service providers (MSPs) can define a standard reporting currency for all child tenants.
• Localized reporting: View dashboards, budgets, and reports in your preferred currency.

How it works

Setting Your Preferred Currency

1. Navigate to Admin > Currency.
2. Select your preferred currency from the dropdown menu.
3. Ternary will automatically apply the latest monthly exchange rate for conversions.
4. Your preferred currency will apply across:
   1. Dashboards
   2. Reports
   3. Budgets. Note: Budgets are still created in USD but are displayed using your selected preferred currency for consistency with your reporting experience.
   4. MSP Billing Statements. Note: Billing statements are automatically generated in the child tenant’s preferred currency. MSPs may override this if needed during statement generation.

Admin settings

MSP Customer Management - Create Tenant

Example views

Report: Cost by Vendor in preferred currency

Budget displayed in preferred currency

Permissions

Exchange rate policy

• Data source: Open Exchange Rates API
• Update frequency: Monthly (First day of the month at 00:00 UTC)
• Fallback: If real-time rates are unavailable, the last known rate is used

Audit log

• All changes to currency settings are logged.
• Exchange rates applied for each month are visible for transparency.

FAQs

Q. Can I switch between different currencies?
A. Yes, but first you must change your preferred currency setting under Admin > Currency.

Q. Will my historical reports update if I change my preferred currency?
A. Reports will reflect your current preferred currency, but historical currency conversion uses the rate locked for that period.

Q. What if I don't pick a preferred currency?
A. You’ll see data in your tenant’s default currency which is USD.

Q. Are exchange rates real-time?
A. No. Ternary uses monthly locked rates to ensure stable and predictable reporting.