Currencies Settings

Your store's currency settings influence how your product prices appear on the storefront, which payment methods are available at the checkout, and how shipping, tax, and discounts are calculated on orders. Displaying product prices and the checkout in your customers' local currencies provides a more familiar shopping experience and can increase conversion when expanding your store to a new region.

In this article, you'll learn how to add currencies to your store, update your store's default currency, and manage how prices appear on your storefront when a specific currency is selected.

Requirements

To manage the currency settings in your store, you must have the Manage Settings permission enabled on your user account. This is enabled by default for users with the Store Administrator or Store Owner role.

To learn more about the requirements for offering multiple transactional currencies in your store, see Using Multiple Currencies.

Adding a Currency

When creating your store, your default currency is assigned based on location. You can enable different currencies to display prices and allow transactions where frequent customers live.

If a currency code is already set up, it will not be available in the list of currency codes when setting up a new currency. Existing currencies can be edited at any time. Use the following steps to add a currency.

Localized Store Experiences: Local currency tokens are available for display in all our supported languages.

1. Go to Settings › Currencies, then click Add currency.

2. Select the currency code corresponding to the currency you want to set up, then click Next.

3. Configure your currency's display and transactional settings.

4. Save your changes.

CURRENCY DISPLAY CONFIGURATIONS

• Display Name — used to identify his currency on the storefront—for example, Canadian Dollar.
• Default to [Currency Code] in these countries — visitors will have this currency selected by default—for example, Canada.

TRANSACTIONS

• Transacting currency — determines if the currency will be transactional or display-only. 
• Exchange rate— Currencies that are display-only can have their exchange rate be static or dynamic. Transactional currencies use fixed conversion rates, while display-only currencies can use either static or dynamic conversion rates.
  • Static — Set the exchange rate to automatically convert your prices and shipping quotes for this currency. The rate is measured against your configured default currency. For example, 1 USD equals 1.3475 CAD. Click Get current rate to retrieve the current exchange rate.
  • Dynamic — WineDirect will automatically check and update the exchange rate for this currency every 4 hours.

CURRENCY DISPLAY

The currency display settings affect how your store's prices will appear when the currency is selected. The example price gives you a preview of any changes made to these settings.

• Symbol — the symbol or word for the currency. For example, $.
• Symbol placement — display the symbol to the price's left ($10) or right (10$).
• Decimal token — the symbol used to indicate a decimal point
• Thousand token — the symbol that denotes groups of thousands
• Decimal places — the number of decimal places that display prices in this currency

Changing Your Default Currency

To change your store's default currency, you must first add the currency you want as the new default if it's not already in your store. Once this is done, go to Settings › Currencies, and click Action › Set as default next to the desired currency. You can also do this while editing the currency.