How to Set Up Currency in Magento 2

If you’re running an online store, you know how important it is to offer your products in different currencies. It makes shopping easier for your customers all around the world.

Today, we’re going to walk you through the simple steps to set up currency options in Magento 2. Whether you’re just starting or looking to add more currencies, this guide has got you covered.

Step 1: Accessing Store Configuration

First things first, let’s dive into your store’s admin panel. Here’s how:

• Head over to your Magento 2 admin panel.
• Click on STORES in the menu, then select Configuration from the options under Settings.

You’ll see a bunch of options here, but don’t worry. Just look for the GENERAL section on the left side, click to expand it, and then choose Currency Setup. You’re in the right place now!

Step 2: Configuring Currency Options

Now, you’re going to set up which currencies your store will work with. Follow these steps:

• Base Currency: This is the main currency your store will use for transactions. Pick the one you operate with the most.
• Default Display Currency: Choose what currency you want to show prices in by default on your store.
• Accepted Payment Currencies: Here’s where you can select multiple currencies you’ll accept for payment. If you want to choose more than one, hold down the Ctrl key and click on each currency you want to include.
• Don’t forget to hit the Save Config button to keep your changes!

Step 3: Setting Up Connection Timeout

Sometimes, your store needs to talk to other services to get the latest currency rates. To make sure it doesn’t wait too long:

• Find WebserviceX under your currency options and click to narrow it down.
• Enter a number in the field to set how many seconds your store waits before it stops trying to connect.

Step 4: Automating Currency Rate Updates

You’ll want to keep your currency rates up to date without having to do it manually. Here’s how:

• Enable updates by setting Yes for Enabled under Scheduled Import Settings.
• Choose your rate provider from the Service dropdown.
• Decide when you want updates to start and how often (daily, weekly, or monthly).
• Add an email address for notifications if something goes wrong with the update process.
• Select who sends the email and what the email will look like.
• Again, remember to save your settings!

Step 5: Adjusting Base Currency Scope

Depending on how your store is set up, you might need to change where your currency settings apply:

• In the CATALOG section under GENERAL, find Catalog Price Scope.
• Choose whether your currency settings apply globally or by website.

Step 6: Refreshing the Cache

Last but not least, you need to make sure Magento 2 knows about all the changes you’ve made:

• Click on the Cache management link.
• Flush the cache to update your store.

And there you have it! Six simple steps to configure currencies in Magento 2. Setting up different currencies can help your store reach more customers worldwide, making their shopping experience smoother and more enjoyable.

If you run into any bumps along the way or have questions, don’t hesitate to leave a comment below. We’re here to help. See you in our next tutorial!