Absolutely. SplitPal has built-in currency converter with up-to-date exchange rates. While creating a group you will be prompted to select your base currency. Think of this is what currency you would like to be splitting the expenses in with your friends. However, say you are on a trip to a foreign country and want to record an expense in a different currency. For example your base currency is in USD, but you are traveling to Europe. There you went to a restaurant and paid €68 . Simply add the expense in Euros and SplitPal will calculate how much each friend owes in USD. Note that SplitPal can pick a conversion rate precisely at the date when expense has occurred giving you an ultimate fair split down to a penny.
Yes, you can set a default currency on SplitPal. To