# General Setup
## Currencies
Manage currencies:
Go to the ‘Administration’ menu and choose ‘Currencies’

There are three ways to create a new currency:

1. First is when you click directly on the green ‘New’ button;

![](https://composity.com/web/support/images/currency_new.png)

2. Second is when you choose ‘Bulk Actions’ and click on ‘New’ from there;

![](https://composity.com/web/support/images/currency_new2.png)

3. Third is if you mark a record from the table, then the ‘New’ button will appear.

If you want to **edit a record** you can click directly on its name or mark it from the table and then choose the ‘Edit button.

![](https://composity.com/web/support/images/currency_edit.png)

For **deleting a record**, select it from the list and then the ‘Delete’ button will appear as an option and you can click on it.

You can also define which the **default currency** is and you will be able to change it whenever needed.

- Add the exchange rate

When you create ‘Currency rate’ you can choose a period for which this rate will be valid.

![](https://composity.com/web/support/images/currency_rates.png)

Everything you should know about Currencies in Composity Platform