---
sourceDocument: Xanadu ServiceNow AI Platform Administration
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/xanadu/platform-administration

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu ServiceNow AI Platform Administration

ft:clusterId :

    - platadm

bundleId :

    - platadm

workflow :

    - Platform


---

# Setting up defaults required for standard currency use

# Setting up defaults required for standard currency use {#ariaid-title1}

* Release version: Xanadu
* 
* Updated August 1, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Set up the defaults required for use of standard currency fields in your
instance.
* **[Control default currency field configuration and use in an instance](https://servicenow-prod.fluidtopics.net/1A8RR0BTfmOd1K_UoWHaow)**   
  You can control how currency fields are configured and used in your instance.
* **[Change default currency decimal places](https://servicenow-prod.fluidtopics.net/I~kJSAwzRQ6Mkm48a_NVww)**   
  You can specify the number of decimal places stored and used in currency fields and calculations.
* **[Configure default currency fields in audit records](https://servicenow-prod.fluidtopics.net/Z4zQwiEHKEi9xq~Va3LJwg)**   
  You can control what currency value is stored in audit records.
* **[Configure the currency optimizer](https://servicenow-prod.fluidtopics.net/401_iM0LT9FzWP7ksDeX~g)**   
  You can configure the system to use an optimizer for currency/price fields to speed up list view (reading currency/price values).
* **[Default currency conversions](https://servicenow-prod.fluidtopics.net/_xpXZ1MzROkQ0B2QnwIdBg)**   
  Currency values can be converted to other currencies when stored and accessed.

**Related concepts**   

* [Setting up defaults required for FX Currency use](https://servicenow-prod.fluidtopics.net/e~lXWBPCyfRxilZ2J35BBw "Set up the defaults required for use of FX Currency fields in your instance.")