Best currency exchange software? Nexto, Hamyar, Peyvast, Chortkeh and Excel side by side
A clear table of what each tool can and cannot do. We name competitors, but only on what we have actually seen, with the date of the review stated — and we also write down what they have and we do not.
“The best exchange software” means one thing for every exchange house: a live currency position, multi-currency double-entry accounting, WhatsApp receipt automation, real mobile access and data ownership. The table below answers exactly these criteria for each option so you can judge for yourself.
Named comparisons
Exchange software, one by one and point by point. Each page gets more complete with every demo we review.
"Limited" means it's partly possible with configuration or an add-on, but not natively for an exchange. "Manual" means you have to do it yourself.
Which tool for whom?
Excel / ledger
Good for a very small or temporary start. As volume grows, errors, imbalances, and the lack of currency position become a bottleneck.
Generic accounting software
Fine for a general business, but it sees the world as single-currency; it has no native exchange position, revaluation, or remittance.
Legacy exchange software
It covers the basics but is often stuck in the past: no WhatsApp/OCR automation, no real mobile, and often a locked-down database.
Nexto
Built for exchanges: position, revaluation, and remittance; WhatsApp and OCR automation; real mobile; real-time reporting; and full data ownership — all integrated.
Read more
Why Excel Is Not Enough to Manage a Currency Exchange
Excel is not a bad tool; it is the wrong one. Five places where exchange spreadsheets break, and a simple test to see whether it is time to migrate.
Read the article ← AccountingWhat Is a Currency Exchange General Ledger, and How Do You Keep It Right?
A currency exchange general ledger is different from an ordinary business ledger: it must balance separately in every currency. A practical guide to multi-currency double-entry accounting, from chart of accounts to revaluation.
Read the article ← Exchange managementA Checklist for Migrating Accounting Data When Switching Exchange Software
When moving off Excel or old software, how do you transfer accounts, customers and balances completely and correctly? A practical checklist for accounting data migration with rial-by-rial verification.
Read the article ←The best judgment is your own experience
You can see the entire Nexto column for yourself in the free demo.
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