A Complete Tutorial on Magento 2 Currency Setup

A Complete Tutorial on Magento 2 Currency Setup 4

Magento 2 offers features that can be useful to increase customer engagement and improve the shopping experience. One of them is the Magento 2 Currency Setup which affects the pricing display and payment processing in your stores.

When it comes to Magento 2, physical locations are not a limitation any more. However, the store must be configured keeping in mind visitors from different locations. Currency is one such factor and hence the post guides you to setup multi-currency in Magento 2 store!

Magento 2 offers 3 types of currencies to be set up. All 3 have different scope and usability.

 Currency TypeUseScope
Base CurrencyResponsible for product price setup and transactionsWebsite
Display CurrencyDisplay along with the Product Prices in frontendStore Views
Allowed CurrencyThe currencies in which store accepts the paymentsStore Views

After the currency setup is done, the currency symbol is shown in product prices, orders, and invoices. If you have set up multiple currency in Magento 2, customers in the frontend will get the currency selector in the header.

How to Setup Multi-Currency in Magento 2:

  1. Select the Allowed Currency
  2. Set Currency Symbols
  3. Update the Currency Rates
  4. Caching

Each step in detail,

  1. Select the Allowed Currency

    1. Login to Admin panel
    2. Navigate to Stores > Settings > Configuration
    3. Under General, go to Currency Setup
    4. Expand the Currency Option and select the Base Currency from the dropdown.
    5. Assign the Default Display Currency to the currency that you use to display pricing in your store.
    6. In the Allowed Currencies field, select multiple currencies you want for the payment in the store.Currency Options
  2. Set Currency Symbols

    1. Navigate to Stores > Currency > Currency Symbols
    2. Uncheck the “Use Standard” checkbox and set any custom symbol you want.
    3. Save the Currency Symbols.Currency Symbols
  3. Update the Currency Rates

    1. If the currency is yet not showing in the frontend, do not forget to set the rate
    2. Navigate to Stores > Currency > Currency Rates
    3. You can either set the rates manually or import into the store.
      Currency Rates
  4. Caching

    1. Navigate to System > Tools > Cache Management.
    2. Clean Cache

Once configured, you can check the frontend that shows multiple currencies:

Frontend

Follow this easy method and your Magento 2 Currency Setup is ready!

I’d be happy to help with readers’ doubts. Use the Comments section below to mention them 🙂

Thank you.

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Sanjay is a co-founder at Meetanshi. He is a Certified Magento Developer who loves creating Magento E-commerce solutions. Owing to his contributions in Magento Forums and posting solutions, he is among the top 50 contributors of the Magento community in 2019. When he is not engrossed with anything related to Magento, he loves to play cricket.

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