At Shopify Unite in May this year, Shopify announced the upcoming plans for offering multi-currency functionality for their stores. This was a very big deal for a couple reasons: many other ecommerce platforms already offer this and secondly there were workarounds to make this work for your Shopify stores, but they were very clunky. For example if you wanted to sell in multiple currencies, you could create multiple versions of your store (in different currencies and languages), but there was no way to sync all your reporting and data between them. When this goes live for Shopify Plus stores in December this should be a huge benefit to everyone that wants to offer products in the 9 currencies listed below.

If you have any questions on how this could work for your store, don’t hesitate to reach out and we’d be happy to chat! Here are notes from a recent Shopify multi-currency webinar that happened earlier this week:

Currencies:

  • Great British Pound (GBP)
  • Euro (EUR)
  • United States Dollar (USD)
  • Canadian Dollar (CAD)
  • Australian Dollar (AUD)
  • Hong Kong Dollar (HKD)
  • New Zealand Dollar (NZD)
  •  Japan Yen (JPY)
  •  Singapore Dollar (SGD)

Additional Notes:

  • Only for Shopify Payments customers, but still in beta and not live yet, but planning to go live before end of year (will be after BFCM)
  • Initially just for Shopify Plus customers
  • Currency selector in top right-hand corner
  • Selector can automatically detect country and will default to shop currency
  • You can apply rounding to prices
  • If a customer selects another payment option like PayPal on checkout it will default to shop currency
  • In the Admin panel to go settings and then within the Shopify payments section there is a new section for Shopify currencies and you can toggle on and off different currencies
  • On the product page in Admin you can see exchange rates for different currencies to give you an idea of your products price in that currency
  • Flow can present the currency code displayed to the buyer
  • API: presentment currency – currency shown to customers and the shop currency – currency used by merchants
  • Debut theme is updated to allow multi-currency
  • Shopify scripts will also allow multi-currency
  • Multi-currency migration guide soon to be released
  • Long term the intent is to allow merchants to be able to set individual prices (in different currencies) per product
  • Currency rate check happens approximately every 15 minutes
  • Draft orders doesn’t yet support multi-currency