Oberlo shows and imports all product costs in USD. If you want to sell your products in another currency, then you need to change the currency settings in Shopify and adjust the product prices as per the currency conversion rate.
Product prices are not converted automatically from one currency to another. You have to adjust the product prices manually or use the Global Pricing Rules feature in Oberlo. If you use Shopify Payments, then you can sell in multiple currencies.
On this page:
- Change currency in Shopify
- Adjust product prices using the Global Pricing Rules
- Adjust product prices manually
- Sell in multiple currencies
Change currency in Shopify
To change the currency in your online store, follow these steps:
1. From the Shopify admin, go to Settings and then click General.
2. In the Store currency section, select the preferred currency.
Note: If you have launched your store and have already made sales, then you need to contact Shopify Support to change your store currency.
3. Click Save.
Once you make changes, then your product prices will be visible in the new currency. For example, if the product price is 10 USD and you change the store currency to EUR, the product price will be changed to 10 EUR. To keep your product prices correct, you should adjust them as per the currency conversion rate.
Adjust product prices using the Global Pricing Rules
If you manage your product prices using the Global Pricing Rules, then you need to adjust its multipliers (if you used the Fixed Markup before, then change it to the Multiplier) according to the currency conversion rates. To learn more about the Global Pricing Rules, refer to the How to Set the Global Pricing Rules article.
To do that follow these steps:
1. Check the conversion rate (USD to your selected currency) on Google or any other preferred currency conversion website.
2. In Oberlo, go to Settings and then to the Global Pricing Rules tab.
3. Change the product cost multiplier depending on the currency conversion rate.
For example, if you change the currency from USD to EUR, your current multiplier is 2.5 and the currency conversion rate is 1 USD = 0.88 EUR, then you should calculate the new multiplier like this: 2.5 x 0.88 = 2.2.
4. Click Save settings.
5. Click Apply pricing rules to existing products to update prices for your products. Price updates may take from several minutes to hours depending on the number of products you have imported.
6. Select the preferred update type and the update scope.
7. Click Apply.
After you make this change, your product prices are calculated as per your new multiplier. For example, if your product used to cost 10 USD, now it will cost 8.80 EUR in your Shopify store.
Adjust product prices manually
If you didn’t use the Global Pricing Rules to price your products, then you need to adjust your product prices one by one or in bulk in the Shopify admin according to the currency you selected. To learn more about manual product prices management, refer to the How to Manage Product Prices Manually article.
To do that, follow these steps:
1. From the Shopify admin, go to Products.
2. Click on a product you want to adjust the price.
3. In the Price field, adjust the product price according to the new currency.
For example, if you change the currency from USD to EUR and the original product price was 10 USD, then you need to adjust its price to 9,2 EUR (depends on the currency conversion rates).
You can check the currency conversion rate (USD to your selected currency) on Google or any other preferred currency conversion website.
4. Click Save.
Repeat the same process for every product or you can use the bulk actions menu to adjust product prices quickly. To learn more, refer to the Bulk editing products and variants article.
Sell in multiple currencies
If you use Shopify Payments, then you can sell in multiple currencies. Your customers can shop and pay in their preferred currencies. For more information, refer to the Sell in multiple currencies with Shopify Payments article.
However, Oberlo shows and imports all product costs in USD. Therefore, your default currency in Shopify Payments has to be set to USD.
The USD default currency is only available in the United States and in Canada. The default currency depends on the location of your store and your payout bank. For example, if your store is located in France, then you can have only EUR as your default currency. To learn more, refer to the Selling and getting paid in different currencies article.