What is the Resource Currency selection in Primavera P6 used for?

In the Resource window under the Details tab, you’ll find a field called Currency. What does this setting do? Let’s break it down.

Purpose of Resource Currency

By selecting the currency in that box, it determines in which Currency the Resource will be paid with. The setting locks the Price/Unit in that Currency regardless of change in the Exchange rates.

By default, this field displays the View Currency selected in User Preferences at the time the resource was added.

Example Scenario

Suppose we hire a resource named Test from India and agree to pay in Indian Rupees.

In the Resource Details tab, select Indian Rupee as the currency.

Go to Edit → User Preferences → Currency and switch to Indian Rupee for data entry.

Under Units & Prices, enter 300 Rupees/hour.

How It Works

From now on, even if the exchange rate changes, Primavera will adjust the equivalent value in other currencies so that the resource’s rate remains 300 Rupees/hour.

For example:

• Current exchange rate: 1 USD = 40.67 INR
• Price in USD: 7.38 USD/hour

We switch back to USD to see the value.

Go to Edit -> User Preferences -> Currency. Select USD.

It show 7.38 USD. (1 USD = 40.67 Rupee)

If the exchange rate changes to 1 USD = 50 INR:

• Primavera recalculates the USD price:
  $\text{New Price} = 7.38 \times \frac{40.67}{50} = 6 \text{ USD/hour}$

Go to Admin -> Currencies. Change from 40.67 to 50. And click Close

Now we can see the Price/Unit in USD decrease to 6 USD.

Switch back to INR, and you’ll still see 300 Rupees/hour.

Key Benefit

By selecting a Resource Currency, you lock the payment amount in the resource’s local currency. Exchange rate fluctuations will only affect the converted value in other currencies, not the original agreed rate.