[SOLVED] Manually changing the exchange rate

7 months 2 weeks ago - 7 months 2 weeks ago #316609 by sorozco
Hello.

We use american dollars as the main currency, and mexican pesos as the secondary. The exchange rate when users select pesos is very low. We would like to set our own exchange rate. Is that possible?

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7 months 2 weeks ago #316615 by krileon
Replied by krileon on topic Manually changing the exchange rate
The exchange rate should be updated regularly from European Central Bank so should be completely accurate. There's no functionality to manually override currencies. I suppose you could try forcing it in the database, but your changes will likely be lost when it updates the exchange rates. Recommend confirming the exchange rate within CBSubs > Currencies.


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7 months 2 weeks ago #316623 by beat
Replied by beat on topic Manually changing the exchange rate
But you can configure a multiplying factor in the CBSubs settings, first tab in the multicurrency, under "Markup of prices when not in currency of plan (in %)". That way, your conversion rate will always take in account your multi-currency extra-costs ;-)

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7 months 2 weeks ago #316631 by sorozco
Replied by sorozco on topic Manually changing the exchange rate
Great Beat! That will work.

If I set a 5 in that field, it means there will be an increase of 5%? Or, should I set as 1.05% to get the 100% of the original price plus a 5%? It sounds to me that the first option is the way it works, but I want to be sure.

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7 months 2 weeks ago #316635 by beat
Replied by beat on topic Manually changing the exchange rate
> If I set a 5 in that field, it means there will be an increase of 5%

Yes, that's how it works. But best is to test it yourself to make sure it does the result you wish.

Beat - Community Builder Team Member

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7 months 2 weeks ago #316680 by sorozco
Replied by sorozco on topic Manually changing the exchange rate
Thank you!

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