Reports in your currency
Coinfig calculates your crypto tax using the rules for your jurisdiction (SARS for South Africa). You choose which currency those figures are displayed and exported in — rand, US dollar, euro, or British pound — from your account preferences.
Supported display currencies
- South African rand (ZAR) — default for SARS filers. Historical rates align with South African Reserve Bank practice for defensible conversions.
- US dollar (USD) — for users who think in dollars or hold mostly USD-denominated stablecoins.
- Euro (EUR) and British pound (GBP) — for expats, UK-resident users, or anyone who reports in those functional currencies.
Changing your display currency re-prices your portfolio and tax figures using historical exchange rates. It does not change which tax rules apply — South African users still get SARS classification and FIFO logic.
What changes vs what stays the same
- Stays the same: transaction classification, FIFO matching, capital vs revenue treatment, and completeness scoring.
- Changes: the currency your gains, income, portfolio values, and report exports are shown in — Coinfig recomputes amounts in the new currency.
If you trade on offshore exchanges quoted in dollars, Coinfig still classifies each leg correctly for your jurisdiction. The display currency controls how totals read on your dashboard and exports. South African filers should still use rand figures on their ITR12.
When to use which currency
South African residents filing with SARS should use ZAR. Choose USD, EUR, or GBP if you are preparing figures for a foreign return, working with an overseas accountant, or simply prefer reading totals in that currency while you review. For how rand pricing works on crypto-to-crypto trades, see ZAR-pair vs USD-intermediate accounting.
Frequently asked
Does switching to USD change my SARS tax calculation?
Where do I change the display currency?
Can I run reports in different currencies for different years?
Is multi-currency the same as multi-jurisdiction?
This page is general information, not tax advice. Confirm your position with a registered tax practitioner.