1- Click the Organization Settings gear icon
2- Select Settings in the left-hand menu, then select Deel Compensation
3 - Click Currency Settings
4 - Click Add currency
Add the currency and the default currency for conversion. One currency type can be the default for the organization.
These are point-in-time conversions from the default organization currency and are not dynamic. For example, if your default currency is USD, and you’re entering in a conversion rate for GBP, you should enter the conversion from USD to GBP.
If a currency conversion fails, confirm that the worker is assigned to a compensation band that has the same currency as the currency they're paid in.
Frequently Asked Questions
[ACCORDION] Why did the currency conversion fail?
Select the Org Settings (gear icon) > Settings tab > Deel Compensation.
Select Currency Settings, and confirm that every currency used in your organization for worker payment is added.
If needed, click the Add Currency button and choose from the dropdown menu.
If the conversion failed:
- Confirm there is a currency conversion configured for the given worker's currency.
- Confirm the worker is assigned to a compensation band that has the currency that they are paid in