Does CharterWorks support multiple currencies?

CharterWorks supports up to 25 different currencies. The system automatically updates the exchange rates of all currencies from the European Central Bank on a daily basis. CharterWorks supports you to monitor losses due to fluctuating exchange rates.

In CharterWorks, you decide for one base currency (e.g. US Dollar) and a set of additional currencies you would like to work with (e.g. Euro and NOK). Each amount like FDAs and PDAs can be entered in different currencies. For example, the pilot costs in Rotterdam may be charged in Euros but your base currency is US Dollar. CharterWorks automatically converts the Euros into the base currency at the specified daily exchange rate. Thus, differences between FDAs and PDAs due to exchange rate fluctuations during a voyage are automatically taken into account.