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With the fast growing of ecommerce, reaching to worldwide market is the priority of lots business. This is the reason why before lauching your site, you should set up the many currency to engage customer .  Magento 2 gives you the ability to accept currencies from more than two hundred countries around the world. If the store supports many currencies, a Currency Chooser appears in the header after currency rates are updated. And today, we will introduce to you how to set up currency in Magento 2.

set up currency in Magento 2

To set up currency in Magento 2, firstly, you have to specify which currencies you accept, and the currency that you want to use to display prices in your store:

Step 1: Choose the Accepted Currencies
Firstly, on the Admin sidebar, tap Stores and choose Configuration. In the panel on the left under General, choose Currency Setup and expand the Currency Options section:

set up currency in Magento 2

  • Set Base Currency to the primary currency that you use for online transactions.
  • Set Default Display Currency to the currency that you use to display pricing in your store.
  • In the Allowed Currencies list, select all currencies that you accept as payment in your store. Make sure to also select your primary currency. (For multiple currencies, hold down the Ctrl key and select each option.)

When prompted to refresh the cache, tap the Close box in the upper-right corner of the system message. We’ll refresh the cache later.

Besides, you need to define the scope of the base currency. In the panel on the left under Catalog, choose Catalog. Then, scroll down and expand the Price section and set Catalog Price Scope to either “Global” or “Website.”

set up currency in Magento 2

Step 2: Configure the Import Connection
Scroll back up to the top of the page. In the panel on the left under General, choose Currency Setup and expand the WebserviceX section. In the Connection Timeout in Seconds field, enter the number of seconds of inactivity to allow before the connection times out.

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Step 3: Configure the Scheduled Import Settings
Continuing with Currency Setup, expand the Scheduled Import Settings section. To automatically update currency rates, set Enabled to “Yes.” Then, do the following:

set up currency in Magento 2

  • Set Service to the rate provider. The default value is “Webservicex.”
  • Set Start Time to the hour, minute, and second that the rates will be updated according to the schedule.
  • To determine how often the rates are updated, set Frequency to one of these: Daily, Weekly and Monthy.
  • In the Error Email Recipient field, enter the email address of the person who is to receive email notification if an error occurs during the import process. To enter multiple email addresses, separate each with a comma.

Step 4: Update the Currency Rates
The currency rates must be updated with the current values before they go into effect. Currency rates can be set manually, or 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.

a. To manually update a currency rate:

  • On the Admin sidebar, click Stores and choose Currency Rates.
  •  Tap the rate you want to change, and enter the new value for each currency supported.
  • When complete, tap Save Currency Rates.

b. To import currency rates:

set up currency in Magento 2

  • On the Admin sidebar, tap Stores. Then under Currency, choose Currency Rates.
  • Set Import Service to the currency rate provider. WebserviceX is the default provider.
  • Tap Import. The updated rates appear in the Currency Rates list. If the rates have changed since the last update, the old rate appears below for reference.
  • When complete, tap Save Currency Rates.

c. To import currency rates on schedule:

  • Make sure that Cron is enabled for your store.
  • Complete the Currency Rate Setup to specify the currencies that you accept, and to establish the import connection and schedule.
  • To verify that the rates are imported on schedule, check the Currency Rates list. Then, wait for the duration of the frequency setting established for the schedule, and check the rates again.

Besides, you should manage Currency Symbols to customize the symbol associated with each currency that is accepted as payment in your store. To customize currency symbols, do the following:

On the Admin sidebar,navigate to Stores>Currency Symbols. Each currency that is currently enabled for your store appears in the Currency list. Then, enter a custom symbol for each currency you want to use, or mark the Use Standard checkbox to the right of each currency.

set up currency in Magento 2

To override the default symbol, clear the Use Standard checkbox. Then, enter the symbol that you want to use.
(It is not possible to change the alignment of the currency symbol from left to right.)
When complete, tap Save Currency Symbols. Then prompted to update the cache, tap the Cache Management link and refresh any invalid cache.

set up currency in Magento 2

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