You can set up your property with as many exchange rates as needed. Once you add an exchange rate, you cannot remove it or deactivate it. Note: Your property's default currency is specified when setting up your property account.

1. In Mews Operations, go to the main menu  > Settings > Property.
2. Click Finance > Exchange rates.
3. Click the + button.
4. In the Currency field, select the currency you want to add.
5. Click Create.
6. Mews redirects you to the list of your active exchange rates.
7. Under the To column, enter the value of the currency you just added against your default currency.
8. For example, if your default currency is EUR and you want to add an exchange rate for USD, you could enter "0.94" under the To EUR column. In this scenario, 1 EUR can purchase 1.06 USD.
9. Select the checkbox in the Is accepted column to enable the currency.

Note: Click the arrow buttons between the To and From columns to reverse the exchange rate. For example, if you accidentally entered the exchange rate from your default currency against the new currency you added.

How to manage exchange rates

After you have set up your exchange rates, you should keep your exchange rates up-to-date to prevent discrepancies. You should either:

• Manually update your exchange rates at least once per month.
• Connect to the exchange rate provider integration, which automatically updates your exchange rates for you.

Between the time Mews creates and settles a reservation, exchange rates may change. If the rate group of the reservation has automatic settlement enabled, then Mews locks in the exchange rate at reservation creation. If not, Mews posts an adjustment to the guest bill.

Note: If your bill contains multiple currencies, Mews

• does not add the exchange rate adjustment.
• balances the bill in the property's default currency.