---
title: "How to set the Default Currency"
description: "Default Currency in Org Settings > Budget"
url: https://support.mosaicapp.com/en/articles/462-how-to-set-the-default-currency
collection: "FAQs and Common Actions"
updated: 2026-07-09
language: en
---

# How to set the Default Currency

Default Currency in Org Settings > Budget

Set the organization's default **Currency** for **Projects** and reports. If a **Project** does not have a specific **Currency** assigned, it will automatically use the default **Team Currency**.

The desired **Currency** can be searched using either the three-letter code (e.g., USD, EUR) or the currency name.

## Update Default Currency on Organization Setting

1.  Click the **Default Currency** dropdown and select the preferred currency.
    
    ![](https://staticfiles.gleap.io/ghelparticle/8dKWJv8H31JAAVqPY0LijVykcqjTGEChFSqoYPsk0V8d1eDMByxa37hr5EiiFcFijfliCeClXOO.png)
2.  After selecting a different currency, an **Update Currency** confirmation modal will appear. Selecting **Yes** updates the currency for all existing Projects as well as all new Projects created going forward. Selecting **No** keeps existing Projects unchanged and applies the new default currency only to newly created Projects.
    
    ![](https://staticfiles.gleap.io/ghelparticle/SUTwmriHPw0qpQZOgiuGqtxq7gvjPwOvPQxHRps0glJawdDnAV6IHQBlAo08hRtcVZHXTQ910pO.png)

> **Info:** Only **Team Currencies** can be selected in this section. If a desired currency is not visible in the list, it can be added by navigating to [Org settings > Standards > Rates](https://support.mosaicapp.com/en/articles/306-organization-settings-standard-rates.md). Clicking **Edit Standard Currencies** will provide direct access to that page.

![](https://staticfiles.gleap.io/ghelparticle/7nnzQMCSvTGbkGodWSvmQ1dXoqPf3feMXMBbf2qAFLDiaZLGoDoIrlwPIjilLgGH8hA39wmBz2Y.png)