How does currency conversion work?

Quicksplit converts expenses to your tab’s currency automatically. Add the amount you paid in the original currency, and you’ll see the converted amount before you save.

One currency for your tab’s totals

Your group can pay in different currencies and still see everyone’s balance in the currency you chose for the tab.

How it works

When an expense uses a different currency from your tab:

  1. We convert the amount using current exchange rates
  2. You can split in the original currency. If you paid in euros, enter each person’s share in euros. We’ll convert the shares to your tab’s currency too
  3. You see both amounts: what you paid in the original currency and the amount in your tab’s currency

Choose how to convert an expense

Use the automatic conversion or enter the converted amount yourself:

Automatic conversion

Default option: Quicksplit automatically converts using current exchange rates.

  • • Uses current exchange rates
  • • Shows the converted amount before you save
  • • Calculates each person’s share
  • • Uses your tab’s currency for totals

Enter your own amount

Your choice: Set the converted amount manually if you prefer.

  • • Use your own exchange rate
  • • Include currency conversion fees or charges
  • • Match bank statement amounts
  • • Choose the converted amount for the expense

When currency conversion helps

You can use it for:

  • International trips: Track expenses in local currencies while keeping your tab in your home currency
  • Multi-currency purchases: Track shared purchases made in different currencies
  • Global teams: Manage shared expenses across different countries and currencies
  • Study abroad groups: Split costs with friends from different countries
  • Business travel: Keep shared expenses together wherever you travel

Add expenses in the currency you paid

On a trip, enter the amount in the local currency. Quicksplit converts it for your tab. If you want to match your bank statement, you can enter that converted amount instead.

Exchange rate information

Here’s how exchange rates work:

Exchange rate details

  • • Updated rates: Rates are refreshed regularly throughout the day
  • • The rate is visible: You can see the rate used for your expense
  • • The rate stays fixed: We keep the rate used when you create the expense

Add an expense in another currency

Follow these steps when you add the expense:

  1. Create a new expense in your tab
  2. Select the currency for your expense amount
  3. Enter the amount in that currency
  4. Quicksplit automatically shows the converted amount
  5. Change the converted amount if needed, or keep the automatic conversion
  6. Save your expense – all calculations use the converted amount

Over 150 currencies

You can add expenses in over 150 currencies. Check the supported currencies guide for the full list.

Need more help?

Check out our other currency-related guides: