---
title: Exploring currency administration
description: The ServiceNow AI Platform supports two types of currency fields: default \(or standard\) currency and Foreign Exchange \(FX\) currency.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/platform-administration/currency-administration/explore-currency-admin.html
release: australia
product: Currency Administration
classification: currency-administration
topic_type: concept
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Currency administration, Configure core features, Administer the ServiceNow AI Platform]
---

# Exploring currency administration

The ServiceNow AI Platform® supports two types of currency fields: default \(or standard\) currency and Foreign Exchange \(FX\) currency.

-   **Default \(standard\) currency**

    The default, or standard, currency fields that are delivered with the ServiceNow AI Platform.

-   **FX Currency**

    FX Currency is an alternate type of currency field that is highly configurable, supports custom rate tables, and provides for improved visibility into conversion calculations. You can add FX Currency fields to base and custom applications, and they work independently of existing standard currency fields.


-   **[Standard currency fields](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/platform-administration/currency-administration/configure-and-use-default-currency-fields.md)**  
The standard, or default, currency fields are installed with the base system and used in most non-financial applications.
-   **[FX Currency fields](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/platform-administration/currency-administration/fx-currency.md)**  
Use FX \(Foreign Exchange\) Currency fields as an alternative to the standard \(default\) currency fields found in most applications. They are highly configurable, support use of custom rate tables, report aggregations, and provide for improved visibility into conversion calculations.

**Parent Topic:**[Currency administration](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/platform-administration/currency-administration/currency.md)