### Simplicity In Functional Currency

If an non-profit organization has a single functional currency, then most

aspects of the system, such as [[reporting|GeneratingReports]], can (and, in

fact, should) be done only in the functional currency.

## A "Multi-Native Currency" Organization

Multi-currency support is more complicated if an organization considers more

than one currency to be its native currency, which means that

[[reports|GeneratingReports]] must handle multiple currency.

FIXME: It would be useful if someone who has run an organization that has

more than one functional currency could describe the use cases on this issue.

## Choosing an Exchange Rate

Regarding exchange rates,  the

[USA IRS has no official policy on exchange rates](http://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates),

stating:

> The Internal Revenue Service has no official exchange rate. Generally, it