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.

Table 1. Currencies in plentymarkets
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.
Carry out the settings according to Table 2.
Save the settings.

Table 2. Currency 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. Yes = The conversion factors will be updated automatically over night. The option Last automatic update appears below the option for automatic updates of conversion factors. No = a reload icon is displayed for each currency. Use this icon to manually update the current conversion rates any time.
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:

Go to Setup » Orders » Payment » Currencies.
Select a currency for the option Standard currency.
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.