How To Change Currency On Shopify [2024]
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How To Change Currency On Shopify

Last modified: March 11, 2024

How To Change Currency On Shopify
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The default currency for Shopify is American Dollars, but that doesn’t mean that your shop has to operate in US Dollars. You could use other currencies on your store, or multiple currencies on your store if you use one of the more popular currency converter apps.

So, how do you change the currency on Shopify?

Key Takeaways
The default currency for Shopify is American Dollars.
For currency changes, follow these steps: Log in, go to Themes, choose Money Options, adjust, verify default currency, and publish.
Understanding and selecting the right currency conversion app is crucial for seamless integration.
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Step 1 – Log In To Your Shopify Dashboard

Log in to your Shopify Dashboard using your user credentials.

Step 2 – Themes

On the shopify admin panel you need to select the ‘Themes’ tab and then click on the ‘Customize Theme’ button that appears on the top right corner of the window.

Step 3 – Money Options

Next you will need to scroll down the page and find the ‘Money Options’ tab. Click on this to view the current settings for your store.

Step 4 – Make Changes

In the next screen you will be given the choice of whether you want to display a currency selector on the store and you can select whether to display a currency code (e.g. USD, EUR or GBP). You can also add/remove currencies from the selector drop down and then set the default currency that is used on your store.

You can add more currencies to the list, using a space to separate them and ensuring that the ISO 4217-3 letter currency code is being used.

Step 5 – Check Your Default Currency

You can also select which currency is the default on your store.

Step 6 – Publish

When you’ve made all the changes you want, ensure that you click on the ‘Publish’ option to save your choices and push them to the front end of your store.

Keep Reading

Understanding Currency Conversion

Why Currency Conversion Matters

We live in a globalized market. E-commerce businesses must cater to customers worldwide. By offering multiple currency options on your Shopify store, you enhance the shopping experience and potentially boost sales.

When customers see prices in their local currency, it eliminates uncertainties and friction from currency conversion, building trust and increasing the chances of a successful sale.

Benefits of Multiple Currencies

Offering multiple currencies on Shopify isn’t just about convenience. It’s about expanding your reach and tapping into new markets.

When customers see prices in their local currency, they feel more connected to your brand. This connection can lead to increased sales and revenue.

Moreover, setting prices in local currencies can help manage the effects of fluctuating exchange rates, ensuring consistent profit margins.

Choosing a Currency Conversion App

Before changing currency on Shopify, it’s vital to select the right currency conversion app. The Shopify App Store offers numerous options, each with unique features.

Consider factors like ease of use, compatibility with your store’s theme, and customer reviews. It’s essential to compare multiple apps to find the one that aligns with your business needs.

Implementing Currency Conversion

Accessing Currency Settings

To start, log into your Shopify Admin Dashboard. Navigate to the “Settings” tab and select “General.” From there, scroll to the “Standards and Formats” section and click on “Currencies.”

Setting Your Store’s Primary Currency

In the “Currencies” section, you’ll find the option to set your store’s primary currency. This currency will be the default for customers whose preferred currency isn’t available. Ensure it aligns with your primary market.

Enabling and Configuring Multiple Currencies

After setting the primary currency, you can enable multiple currencies. Once activated, you’ll have access to additional settings to customize currency display formats. Ensure these settings match your brand’s identity and cater to your target audience’s preferences.

Testing the Conversion Functionality

Always test new features. Browse your store, switch between currencies, and ensure prices update correctly.

Add products to your cart and proceed to checkout, verifying that the currency remains consistent.

Addressing Potential Issues

If you encounter problems, ensure the currency conversion app is correctly installed and activated. Consider using emojis in your timeline communication to confirm successful installation and activation.

Clear your browser cache and cookies, and if the currency converter doesn’t display correctly, consider using a “question mark” or “exclamation mark” emoji to flag this issue in your staff communication.

This could also be a good time to consider switching themes or consulting with the app developer, which can be indicated with a “gear” or “wrench” emoji to signify troubleshooting or maintenance.

Optimizing Currency Conversion Rates

Regularly monitor exchange rates and adjust your prices to remain competitive.

Consider localized pricing for specific regions, and always be transparent with your customers about pricing in different currencies.

Conclusion: How To Change Currency On Shopify

In conclusion, changing currency is a crucial aspect of running an international eCommerce business. By utilizing Shopify’s advanced features and customization options, businesses can ensure a smooth and hassle-free shopping experience for their customers, regardless of their location or preferred currency.

Don’t lose sales from using the wrong currency, you can use a currency switcher or learn to change the currency yourself.

  • What happens if there’s a significant fluctuation in exchange rates?

    If there’s a significant fluctuation in exchange rates, it can impact the cost and pricing of products for international transactions. Merchants may need to adjust their prices or bear potential losses to accommodate these currency shifts.

  • Will changing my store’s currency affect my existing product prices?

    Yes, changing your store’s currency can affect existing product prices. The prices may be automatically converted based on the current exchange rate, which could lead to variations in the displayed amounts.

  • Can customers checkout in their preferred currency?

    Yes, customers can checkout in their preferred currency on platforms that support multi-currency checkout features. This enhances the user experience by providing a seamless and familiar payment process.

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