How do I set my default currency options in Agora?
Go to the Currency page in Settings to select all the currencies that your company is using and pick the currency that will be pre-selected by default.
What currencies does Agora support? What do I do if I don’t see a currency that my company uses?
Agora supports the following currencies:
If you need a currency outside of the Agora defaults, contact our team and we will add it for you!
How is the total compensation amount displayed on the Overview page in the Employee Portal when an employee is getting paid in multiple currencies?
The total compensation amount at the top of the Overview page of the Employee Portal is shown in the currency of that employee’s salary, regardless if other aspects of the employee’s compensation is given in a different currency.
For example, if the employee’s salary is paid in CAD and equity is granted in USD, the total compensation amount will be shown in CAD.
Agora converts currencies using Exchangerate.host, which is updated hourly.
How is variable compensation displayed in the employee portal?
When an employee has variable compensation included in their total compensation (commission and/or bonuses), the total amount will be displayed on the Overview page as well as on a separate Variable Compensation tab. If aspects of the employee’s variable compensation is offered in different currencies, they will be converted to the same currency as the salary.
Agora converts currencies using Exchangerate.host, which is updated hourly.
How is equity displayed in the employee portal?
The overview page displays the total value of that employee’s equity in the currency it was granted in. If the equity was granted in a different currency than the employee’s salary, the value of the equity will be converted to the currency of the salary when added to the total compensation value.
The equity amount shown on the Overview page is the equity that the employee has been granted not the value that has been vested or exercised.
How is the currency of the company’s equity set in Agora?
The value of the equity is displayed in the currency set by the preferred price/valuation of your company, which can be managed in the Preferred Price tab in the Settings. The company’s valuation is set by the preferred price.
How do Benefit Package currency conversions work?
When you are creating benefits packages within Agora, you are able to enter the estimated monetary value of each of the benefits (when applicable). The company’s estimated annual contribution toward employee benefits is the sum of those benefits.
If the value of one (or all) of an employee’s benefits is set in a currency that is different from their salary, the value of the benefits package will be converted to the currency of the candidate's salary when summed up and added to the total compensation value.