Updating Currency Rates

Currency rates can be set manually, or be imported into the store. To ensure that your store has the most current rates, you can configure the currency rates to be updated automatically on schedule. Before importing currency rates, complete the Currency Setup to specify the currencies that you accept, and to set up the import connection and schedule. To manually …


Currency Symbols

Manage Currency Symbols gives you the ability to customize the symbol associated with each currency that is accepted as payment in your store. To customize currency symbols: 1. On the Admin menu, select System > Manage Currency > Symbols. Each enabled currency for your store appears in the Currency list. 2. Enter a custom symbol for each currency you want …


Step 3: Configure the Scheduled Import Settings

1. Continuing with Currency Setup, click to expand the Scheduled Import Settings section. 2. To automatically update currency rates, set Enabled to “Yes.” Then, do the following: a. Set Service to the rate provider. The default value is “Webservicex.” b. Set Start Time to the hour, minute, and second of the scheduled update. c. To determine how often the rates …


Step 2: Configure the Import Connection

1. In the panel on the left under General, select Currency Setup. 2. Click to expand the WebserviceX section. 3. In the Connection Timeout in Seconds field, enter the number of seconds of inactivity to allow before the connection times out.


Step 1: Choose the Currencies You Accept

1. On the Admin menu, select System > Configuration. Then in the panel on the left under General, select Currency Setup. 2. Click to expand the Currency Options section. Then, do the following: a. Set Base Currency to the primary currency that you use for online transactions. b. Set Default Display Currency to the currency that you use to display …


Currency Configuration

Before setting up individual currency rates, you must first specify which currencies you accept, and the currency used to display prices in your store.


Currency Rates

Magento Community Edition gives you the ability to accept currencies from more than two hundred countries around the world. When a store supports multiple currencies, a Currency Chooser appears in the header of every page after the rates are updated. If you accept payment in multiple currencies, make sure to monitor the currency rate settings, because any fluctuation can affect …