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Exchange Rates Settings

The Behaviour settings of Currency per Product for WooCommerce Pro plugin helps you to set and display product prices in different currencies on shop, cart and checkout pages. Sometimes you need to show converted prices as per the selected currency on these pages. Therefore we need to use the Exchange rates settings to show converted product prices on your online store.

How this works?

To understand Exchange Rates settings, go to WooCommerce -> Settings -> Currency per Product -> Exchange Rates link. The default Exchange Rates settings page appears as shown below:

This page consists of 3 sections:

  1. Exchange Rate Options
  2. Exchange Rates
  3. Reset Settings

Exchange Rate Options

There are 3 Exchange rate options which together helps you to set the exchange rate updates automatically.

Exchange Rates options

Exchange rates updates

There are 2 ways in which you can update the exchange rates – Automatically and Manually.

Selecting option from the dropdown

When you select Update rates automatically option and click the Save changes button, Update rates now button will appear. You can click on this button to update the exchange rates automatically. This exchange rates update will take place automatically depending upon the Update rate option set.

You can select to update the exchange rates manually by clicking the Enter rates manually option from the Exchange rates updates dropdown. When you do so, you will be able to add an exchange rate for the currency manually under the Exchange Rates section.

Enter exchange rates manually

The default option for this setting is Enter rates manually.

Update rate

This setting lets you select how often currency exchange rates should be updated. When you set Exchange rates updates option to Update rates automatically, Update rate options will be applicable. There are 3 options under Update rate dropdown. You can choose to update the exchange rates daily, hourly, or twice daily.

Update rate dropdown

If you select Update Daily option, the exchange rates update will take place at the same time everyday. Similarly, when you select option Update Hourly, the exchange rate will automatically update every hour and when you select Update Twice Daily, update will take place twice in a day.

There is an indication of the number of hours remaining until the next update under the Exchange rates updates dropdown.

Time remaining for the next update

The default option for Update rate setting is Update Daily.

Update server

It allows you to select a server for updating the currency exchange rates. There are 3 servers to select from the Update server dropdown – European Central Bank, TCMB, Free Currency Converter API (free.currencyconverterapi.com).

Update server dropdown

By default the server selected is European Central Bank.

Exchange Rates

This section allows you to enter exchange rates manually for all currencies listed. All currencies that you add on Currencies settings page will appear under Exchange Rates section. This part will be effective when you select Enter rates manually option for Exchange rates updates setting.

Exchange Rates section

Remember that Exchange rate options will only be applicable if one of the options under Behaviour settings page is set to Convert to shop default currency option or if you enable the Sorting by converted price or Filtering by converted price option on Advanced Settings page.

Reset Settings

This setting allows you to reset the Exchange Rates Options and Exchange Rates section to its default value. For this, click on the Reset checkbox of Reset section settings and click the Save changes button.

Reset Settings option

This will reset the Exchange rates updates to Enter rates manually option, Update rate to Update Daily option and Update server to European Central Bank (ECB). In the Exchange Rates section, the base currency and additional currencies added under Currencies settings page will appear with the value 1 set for all currencies.

 

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