This is a numeric field type that separates groups of thousands with commas and adds the dollar sign '$' to the amount hence it is recommended for amounts or prices.
Configuring a Currency Field
Give your field a name and add a field hint if desired. You can then select the section in which the field will be created or keep the default option.
The field type must be set to 'Currency'.
If desired, you can set a default value for all new records. Team members will have the option to override the default value if needed.
Currency fields can also be calculated. Just enable the 'Calculated' checkbox and add your custom code in the space available for it.
You can calculate the Total of an Opportunity or the commission percentage of each sale. You can find some examples of calculated fields in the following tutorial:
Calculated fields examples
Enable the 'Required' checkbox if the information for this field is mandatory. It means that if you enable this option, every time a team member creates a new record, they will need to input the information for this field in order to save it.
If you enable the 'Lock After Create' as its name implies, the field will be locked once the new record is saved and the value of the field will not be editable afterward.
Once you are done setting your field, click the save button.
Note: All new fields are added at the bottom of the form.
Currency Field on Import CSV
The format expected for the currency field when importing a CSV file is a plain number. If you want the amount to be $1500.00, then the value in your CSV should be 1550.00