Short answer: no. Monarch Money is built for the US and Canada, budgets in a single currency, and has no multi-currency support as of 2026.
Here's exactly what Monarch does and doesn't support, the workarounds people try, and what to use if your money lives in more than one currency.
Monarch Money operates in USD for US users and CAD for Canadian users — one currency per budget, chosen by your country. There is no native way to hold an account in euros, pounds, or yen alongside your dollar accounts, no automatic exchange-rate conversion, and no consolidated net worth across currencies.
This is a deliberate product choice, not an oversight. Monarch's strength is deep US/Canada bank sync and investment tracking, and its roadmap follows that market. Multi-currency support has been requested in Monarch's community forums for years without a shipped feature or a committed date.
If you only ever touch dollars, none of this matters — Monarch is a genuinely good app for that life. The problem starts when your life crosses a border: a salary in EUR and a mortgage in USD, family support in another currency, freelance clients abroad, or a planned move.
Manual accounts at a fixed rate. You add your EUR account as a manual USD account, converted by hand at today's rate. Within a month the rate has moved and your balances are fiction. Every reconciliation means redoing the maths.
The side spreadsheet. Foreign accounts live in a spreadsheet; Monarch only sees domestic money. Now you have two systems, neither of which shows your actual net worth.
Just ignoring it. The most common one. The foreign part of your financial life goes untracked — which defeats the purpose of a money app.
What “native” multi-currency actually means, side by side.
| Feature | Monarch Money | Budgero |
|---|---|---|
| Currencies per budget | One (USD or CAD) | 168, mixed freely |
| Live exchange rates | ||
| Home-currency rollup | ||
| Supported countries | US & Canada | Everywhere |
| Foreign accounts (EUR, GBP, AUD…) | Manual workarounds | Native |
| Price | $99.99/yr | $60/yr (or free self-host) |
Being fair to Monarch: it has automatic US/CA bank sync and investment tracking, which Budgero deliberately doesn't (Budgero is manual-first for privacy). If you're US-only and want sync, Monarch is the better fit — see our full Monarch Money alternative comparison for the honest breakdown.
Budgero treats currencies as a first-class feature: hold accounts in any of 168 currencies inside one budget, with live exchange rates and everything rolled up in your home currency. Zero-based envelopes work across currencies transparently, and the whole thing is end-to-end encrypted.
If zero-based budgeting isn't your method, PocketSmith (calendar forecasting, multi-currency) and Lunch Money (expense tracking, multi-currency) are the other serious options — we compare all of them in our 9-app comparison.
Based in Europe? Monarch doesn't work there at all — that case has its own guide: Monarch Money alternative for Europe.
No. As of 2026, Monarch Money does not support multi-currency budgeting. Each budget operates in a single currency (USD, or CAD for Canadian users), there is no native way to hold accounts in different currencies, no automatic exchange-rate conversion, and no consolidated view across currencies.
Monarch Money officially supports the United States and Canada. Its bank connections run through Plaid and similar US-focused aggregators, billing is in USD, and the company states it is not available internationally. You can create an account from elsewhere, but bank sync and currency handling will not work for non-US/CA banks.
The common ones: tracking foreign accounts as manual accounts converted by hand at a fixed rate, keeping a separate spreadsheet for non-USD holdings, or simply excluding foreign finances from Monarch entirely. All three break down quickly — rates drift, manual entries go stale, and your net worth is permanently wrong by whatever the FX moved.
Use an app where multi-currency is native rather than bolted on. Budgero supports 168 currencies in one budget with live exchange rates and a home-currency rollup. PocketSmith (forecast-oriented) and Lunch Money (tracking-oriented) also handle multiple currencies. If you specifically want zero-based envelope budgeting across currencies, Budgero is the closest fit.
Multi-currency has been a long-running feature request in Monarch's community forums, but as of 2026 Monarch has not shipped it or committed to a date. Monarch's product focus remains the US/Canada market, where the demand is for bank sync coverage and investment tracking rather than currency handling.
168 currencies, live FX rates, one unified budget — end-to-end encrypted, from $7.99/mo or free if you self-host.
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