When you enter an activity in a currency unit (like USD, EUR, or GBP), our system automatically converts it into your desired reporting currency and adjusts for inflation—so you're always comparing apples to apples, even across countries and years.
How It Works
1. Currency Conversion
If the currency of the activity data is different from your selected reporting currency:
- We look up historical exchange rates from a trusted database.
- We use the rate that best matches the year of the original data.
- Your activity value is converted into the target currency using that historical exchange rate.
2. Inflation Adjustment
To make sure values reflect today’s prices:
- We check how inflation has changed the value of money in the target currency’s country since the year of the original data.
- We apply this inflation factor to bring older values up to current value terms.
Example
Let’s say:
- Your activity data is from 2018 and measured in euros (EUR).
- You want results in US dollars (USD).
We will:
- Convert the 2018 value from EUR to USD using the 2018 exchange rate.
- Adjust the USD value from 2018 to today's value using U.S. inflation data.
The Bottom Line
This process ensures that when you look at your results: