Managing currencies
If you want to offer your items for sale in different countries, working with various currencies is essential. This page describes the necessary settings you have to carry out in your plentymarkets system for this purpose.
1. Supported currencies
Your plentymarkets system currently supports the currencies listed in Table 1.
ISO | Currency |
---|---|
AED |
United Arab Emirates dirham |
ARS |
Argentine peso |
AUD |
Australia, Australian dollar |
BGN |
Bulgaria, Bulgarian lev |
BHD |
Bahraini dinar |
BRL |
Brazil, Brazilian real, plural: Reais |
CAD |
Canada, Canadian dollar |
CHF |
Switzerland, Swiss franc |
CNY |
People’s Republic of China, Renminbi |
CZK |
Czech Republic, Czech koruna |
DKK |
Denmark, Danish krone |
EUR |
Euro |
GBP |
Great Britain, Pound Sterling |
HKD |
Hong Kong dollar |
HRK |
Croatian kuna |
HUF |
Hungary, forint |
IDR |
Indonesian rupiah |
INR |
India, Indian rupee |
JPY |
Japan, Japanese yen |
KES |
Kenya, Kenyan shilling |
MXN |
Mexico, Mexican peso |
MYR |
Malaysian ringgit |
NOK |
Norway, Norwegian krone |
NZD |
New Zealand dollar |
PHP |
Philippine peso |
PLN |
Poland, zloty |
QAR |
Qatari riyal |
RON |
Romania, Romanian leu |
RUB |
Russian Federation, ruble |
SEK |
Sweden, Swedish krona |
SGD |
Singapore dollar |
THB |
Thai baht |
TRY |
Turkey, Turkish lira |
TWD |
New Taiwan dollar |
UAH |
Ukrainian hryvnia |
USD |
USA, US dollar |
VND |
Vietnamese dong |
XCD |
Eastern Caribbean dollar |
ZAR |
South African rand |
2. Converting currencies
Go to Setup » Item » Sales prices and activate the option Currency: Live conversion to determine if the currency conversion in the online shop is carried out automatically.
In addition, carry out general currency settings for all incoming orders in the menu Setup » Orders » Payment » Currencies. To do so, proceed as described below.
Converting currencies:
-
Go to Setup » Orders » Payment » Currencies.
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Carry out the settings according to Table 2.
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Save the settings.
Setting | Explanation |
---|---|
Standard currency |
Select the System currency from the drop-down list. |
Automatically update conversion factors daily |
This option specifies whether or not the conversion factors are automatically updated on a daily basis. |
Last automatic update |
Displays the time of the last automatic update of the conversion factors. This field is only visible if the option Automatically update conversion factors daily is set to Yes. |
Conversion factor for standard currency into AED, ARS, AUD, … |
The exchange rates are already displayed when opening the menu Setup » Orders » Payment » Currencies, but might need to be updated. Click on Reload next to the respective currency to manually update the exchange rates. Alternatively, set the option Automatically update conversion factors daily to Yes. |
3. Defining the system currency
If you are working with several currencies, you have to select one of those currencies as the standard currency of your plentymarkets system. The standard currency is automatically selected as the default currency whenever no other currency is selected. By default, the standard currency in your system is EUR (Euro).
In plentymarkets, orders are always created in the standard currency. In addition, the currency selected by your customers during the order process is always with every single incoming order. If an order was placed in a currency different from the standard currency, the current exchange rate is also saved with the order. Thus, these values are permanently available and can be used to analyse order data or to e.g. send automatic notifications.
Defining the system currency:
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Go to Setup » Orders » Payment » Currencies.
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Select a currency for the option Standard currency.
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Save the settings.
System currency vs. Online shop currency
This setting is not necessarily identical to the currency displayed in your online shop. You can define a different standard currency for each online shop and each language. Further information on these settings are provided on the manual page Carrying out currency settings. This page deals directly with setting up your plentyShop. |