Multi-Currency Setup for Cross-Border Portfolios

1st Numbers is built for international property investors. Whether you have properties in London, Lagos, Dubai, and New York — or plan to expand across borders — the platform handles multi-currency portfolios natively.

Supported Currencies

1st Numbers supports 10+ currencies with automatic FX normalization:

• 🇬🇧 GBP — British Pound
• 🇺🇸 USD — US Dollar
• 🇪🇺 EUR — Euro
• 🇦🇪 AED — UAE Dirham
• 🇳🇬 NGN — Nigerian Naira
• 🇿🇦 ZAR — South African Rand
• 🇨🇦 CAD — Canadian Dollar
• 🇦🇺 AUD — Australian Dollar
• 🇨🇭 CHF — Swiss Franc
• 🇸🇬 SGD — Singapore Dollar

How Multi-Currency Works

1. Set Currency Per Property

When you add a property, you select its base currency. This is the currency in which the property was purchased and generates rent.

2. Automatic FX Normalization

Behind the scenes, 1st Numbers converts all property values, rents, and costs to your reporting currency (default: GBP) using current FX rates.

This gives you one consolidated view of total portfolio value, equity, and yield — regardless of how many currencies you operate in.

3. View Currency-Specific Performance

Go to Currencies in the sidebar to see:

• Portfolio exposure by currency (% breakdown)
• Properties per currency
• Total value and rent in each currency
• Current FX rates vs your base currency
• FX impact on total portfolio value

This helps you understand currency risk — if 60% of your portfolio is in NGN and the naira weakens 10% against GBP, your GBP-denominated portfolio value drops accordingly.

Setting Up Multi-Currency Tracking

Step 1: Choose Your Base Reporting Currency

Your base currency is the currency used for consolidated reporting. Most users choose:

• GBP if UK-based or reporting to UK investors
• USD if US-based or using USD as a global standard
• NGN if primarily Nigerian-focused with some international holdings

You can change this anytime in Settings.

Step 2: Add Properties with Local Currency

When adding a property:

• Enter purchase price in the local currency (e.g., AED for Dubai)
• Enter rent in the same currency
• Select the correct currency from the dropdown

Don't convert manually — the system handles all FX automatically.

Step 3: Add Mortgages in Property Currency

If you have a mortgage on a Dubai property, enter the loan amount and payments in AED. The system normalizes debt exposure to your base currency for LTV and DSCR calculations.

Step 4: Track Income & Costs in Local Currency

Record rent receipts, maintenance costs, and agent fees in the property's currency. Everything auto-converts for portfolio-wide reporting.

FX Rates and Updates

1st Numbers uses indicative FX rates updated periodically. These rates are for portfolio tracking and performance analysis — not for live trading or precise accounting.

For tax filings or official reporting, consult your accountant and use HMRC/official exchange rates.

Example Use Case: UK-Nigeria-UAE Portfolio