4 min read
Currency
Activate multiple currencies, link currencies to each other, automatically updated exchange rates.
How do currencies work in Abicart?
All shops must have at least one currency for everything to work. If you have multiple currencies, you choose one currency as your base currency.
How many currencies can I have in my shop?
We support around 30 different currencies (SEK, EUR, USD, GBP and NOK are the most popular) and there is no limit to the number of currencies you can use. See a list of currencies hereMake sure that the payment methods you use in the shop support the shop's active currencies. Contact the respective payment company to find out which currencies are supported.
How do I set the currencies?
Go to Settings -> Currencies
By default, SEK is already enabled in the store and is displayed as a separate block. The name of the currency is on the left. In the middle there are three icons:
A house - shows that this is the shop's current base currency
An eye - Shows that the currency is visible in the shop.
An open padlock - This shows that the currency is manual and not locked to another currency.
To the right of the block is an icon with an arrow, click on it and the whole SEK block will fold out. Here you can see the settings for the points we went through above. Settings for a base currency, visible/hidden, and manual/locked.
If you only have one currency activated, you don't need to make any settings here, everything is already set correctly.
Enable multiple currencies
Under Settings -> Currencies there is a block at the top titled "Currency settings". There is a list of all supported currencies. In this example, we already have SEK as the base currency and we add EUR as a second currency. Select "EUR: Euro" from the list and then click on "Add". The currency is now displayed in a separate block below the base currency that is prepended. The following settings are available:
Euro
The name of the currency is displayed as well as a link, "Set as default". If you want to use this currency as the base currency (instead of SEK which is already the base currency), click on the link.
Activation
By default, all new currencies you add are hidden. This is so that you can add prices for all products, shipping costs, etc. In order for the currency to be visible in the shop and to be used, you must tick the "Visible" box.
" Remove this currency
All currencies that are not base currencies have a link called "Delete this currency". It simply deletes the currency from the store.
Pricing
If you have multiple currencies there are two ways to set prices, manual or convert. The base currency is always "manual" which means that you have to enter specific prices for all products, shipping costs, etc. By converting prices, you link the currency to the base currency or another manual currency and do not have to enter prices manually for all products in the new currency.
In this example, we want to link EUR to SEK. We select "Convert prices" and two new settings appear on the right.
Currency exchange
Here a list of all manual currencies is shown and you can choose a currency to which you want to link this currency. In our example, we have only SEK as manual currency and it is already selected.
Rounding
Here is a function where you can choose to round the prices after they have been converted from the selected currency. Whole numbers, tens, hundreds, or no rounding.
This will not work with manual currency
Manual or automatic exchange rate?
On the right-hand side of the top block of the page are the settings for "Manage exchange rates".
The exchange rate is automatically updated daily
This option allows the European Central Bank to automatically update the currencies every day according to the current exchange rate.
Set the exchange rate manually for each currency
This setting allows you to set your own exchange rate for each pegged currency.
Keep in mind that currencies can rise and fall quickly, so if you have manually set exchange rates, you must keep track of the current rates and adjust them manually at regular intervals. Otherwise, there is a risk of having rates that are too low or too high. We recommend using the "Exchange rate automatically updated daily" setting to prevent this.
How do I set the currencies?
Go to Settings -> Currencies
By default, SEK is already enabled in the store and is displayed as a separate block. The name of the currency is on the left. In the middle there are three icons:
A house - shows that this is the shop's current base currency
An eye - Shows that the currency is visible in the shop.
An open padlock - This shows that the currency is manual and not locked to another currency.
To the right of the block is an icon with an arrow, click on it and the whole SEK block will fold out. Here you can see the settings for the points we went through above. Settings for a base currency, visible/hidden, and manual/locked.
If you only have one currency activated, you don't need to make any settings here, everything is already set correctly.
Enable multiple currencies
Under Settings -> Currencies there is a block at the top titled "Currency settings". There is a list of all supported currencies. In this example, we already have SEK as the base currency and we add EUR as a second currency. Select "EUR: Euro" from the list and then click on "Add". The currency is now displayed in a separate block below the base currency that is prepended. The following settings are available:
Euro
The name of the currency is displayed as well as a link, "Set as default". If you want to use this currency as the base currency (instead of SEK which is already the base currency), click on the link.
Activation
By default, all new currencies you add are hidden. This is so that you can add prices for all products, shipping costs, etc. In order for the currency to be visible in the shop and to be used, you must tick the "Visible" box.
" Remove this currency
All currencies that are not base currencies have a link called "Delete this currency". It simply deletes the currency from the store.
Pricing
If you have multiple currencies there are two ways to set prices, manual or convert. The base currency is always "manual" which means that you have to enter specific prices for all products, shipping costs, etc. By converting prices, you link the currency to the base currency or another manual currency and do not have to enter prices manually for all products in the new currency.
In this example, we want to link EUR to SEK. We select "Convert prices" and two new settings appear on the right.
Currency exchange
Here a list of all manual currencies is shown and you can choose a currency to which you want to link this currency. In our example, we have only SEK as manual currency and it is already selected.
Rounding
Here is a function where you can choose to round the prices after they have been converted from the selected currency. Whole numbers, tens, hundreds, or no rounding.
This will not work with manual currency
Manual or automatic exchange rate?
On the right-hand side of the top block of the page are the settings for "Manage exchange rates".
The exchange rate is automatically updated daily
This option allows the European Central Bank to automatically update the currencies every day according to the current exchange rate.
Set the exchange rate manually for each currency
This setting allows you to set your own exchange rate for each pegged currency.
Keep in mind that currencies can rise and fall quickly, so if you have manually set exchange rates, you must keep track of the current rates and adjust them manually at regular intervals. Otherwise, there is a risk of having rates that are too low or too high. We recommend using the "Exchange rate automatically updated daily" setting to prevent this.