Working with multiple currencies and automatic exchange rates
When goods are bought in euros and sold in the local currency, the exchange rate stops being a technical detail and becomes part of the margin. A few percent of difference in the rate eats the profit on an entire category, and the error is only noticed at the accounts.
So exchange rates are fetched automatically and used in two places: in the calculation, where they enter the cost price, and in the store, where they determine the rate at which the customer sees a price in another currency.
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What you actually get
A rate that arrives on its own
The rate list is fetched at set intervals, so there is no manual entry and no working with yesterday's rate.
Conversion of the purchase price
Prices from foreign price lists are converted at the rate on the import date and only then enter the selling price calculation.
Display in several currencies
The price can be shown to the customer in several currencies, with the currency of collection clearly stated.
Your own rate where needed
For particular suppliers or categories a fixed rate can be set, if that is what the agreement with the supplier says.
Rounding by rule
Converted prices are rounded by rules you set, so the price list does not look like the result of a division.
Common questions
Where is the rate fetched from?
From the source you designate - the official rate list or a service your accountants recognise.
Do selling prices change every day?
Only if you want them to. The rate can enter the price immediately, or apply at the next calculation, by the rule you set.
Which currency is collected in?
Domestic customers in the local currency; collection in foreign currency is possible through PayPal or an appropriate payment system.
How does that appear on the fiscal receipt?
The fiscal receipt is issued in the local currency, for the amount the customer actually paid.
Related to this
Fiscalisation
The fiscal receipt is issued automatically the moment an order is processed and reaches the customer by email.
See more →Card payments
Card payments through the bank you already work with, with 3-D Secure confirmation and instalments.
See more →PayPal
Collecting from customers abroad, in the currency you choose.
See more →Want to know how this works in your case?
For a first estimate we need the number of items, your suppliers and the system you use today. The call takes fifteen minutes, after which you get scope, price and timeline.