Managing currencies is a critical aspect of running an eCommerce store, especially if you’re selling to customers across the globe.

In this article, we’ll walk you through the step-by-step process of changing and customizing currency settings in Magento 2. By the end, you’ll have all the tools you need to display the correct currencies, configure currency rates, and even modify currency symbols to suit your store’s needs.

If you’ve been struggling to set up currencies or are unsure where to begin, don’t worry — you’re in the right place!

As experts in Magento 2 configurations and eCommerce solutions, we’ve helped countless store owners overcome these challenges. Let’s solve this together.

How to Configure Currency in Magento 2

In this section, we’ll walk you through the steps to configure currency settings in Magento 2.

Step 1: Accessing Store Configuration

First things first, let’s dive into your store’s admin panel. Here’s how:

  • Head over to your Magento 2 admin panel.
  • Click on STORES in the menu, then select Configuration from the options under Settings.
how to set up currency in magento 2 tutorial

You’ll see a bunch of options here, but don’t worry. Just look for the GENERAL section on the left side, click to expand it, and then choose Currency Setup. You’re in the right place now!

set up currencies in magento 2

Step 2: Configuring Currency Options

Now, you’re going to set up which currencies your store will work with. Follow these steps:

  • Base Currency: This is the main currency your store will use for transactions. Pick the one you operate with the most.
  • Default Display Currency: Choose what currency you want to show prices in by default on your store.
  • Accepted Payment Currencies: Here’s where you can select multiple currencies you’ll accept for payment. If you want to choose more than one, hold down the Ctrl key and click on each currency you want to include.
  • Don’t forget to hit the Save Config button to keep your changes!
configure currencies magento 2

Step 3: Setting Up Connection Timeout

Sometimes, your store needs to talk to other services to get the latest currency rates. To make sure it doesn’t wait too long:

  • Find WebserviceX under your currency options and click to narrow it down.
  • Enter a number in the field to set how many seconds your store waits before it stops trying to connect.
currency configuration magento 2

Step 4: Automating Currency Rate Updates

You’ll want to keep your currency rates up to date without having to do it manually. Here’s how:

  • Enable updates by setting Yes for Enabled under Scheduled Import Settings.
  • Choose your rate provider from the Service dropdown.
  • Decide when you want updates to start and how often (daily, weekly, or monthly).
  • Add an email address for notifications if something goes wrong with the update process.
  • Select who sends the email and what the email will look like.
  • Again, remember to save your settings!
currency settings magento 2

Step 5: Adjusting Base Currency Scope

Depending on how your store is set up, you might need to change where your currency settings apply:

  • In the CATALOG section under GENERAL, find Catalog Price Scope.
  • Choose whether your currency settings apply globally or by website.
configure currency in magento 2

Step 6: Refreshing the Cache

Last but not least, you need to make sure Magento 2 knows about all the changes you’ve made:

  • Click on the Cache management link.
  • Flush the cache to update your store.

After refreshing the cache, your store will be fully updated with the new currency settings. This ensures that all changes take effect across your store, providing a seamless and accurate shopping experience for your customers.

How to Modify the Magento 2 Currency Symbols

In Magento 2, you can customize the currency symbols to better suit your store’s needs. Follow the steps below to modify the currency symbols:

Step 1: Navigate to the Currency Symbols Configuration

From your Magento 2 Admin panel, go to Stores > Currency > Currency Symbols.

Step 2: Insert Custom Currency Symbol

In the Currency Symbols section, you will see a list of available currencies. To modify a symbol, clear the Use Standard checkbox next to the relevant currency and insert your custom symbol in the field provided.

Step 3: Save the Changes

Once you’ve entered the custom currency symbol, click Save Currency Symbols to apply the changes.

Step 4: Refresh the Cache

After saving, Magento will prompt you with a system message. Click Cache Management and refresh the cache to ensure the new currency symbol is applied across the store.

By following these steps, you can easily modify and display your preferred currency symbols within Magento 2.

Final Thoughts

Changing the currency settings in Magento 2 doesn’t have to be complicated. By following the steps outlined, you’ve successfully configured and customized the currency options in your store, ensuring a better user experience for your international customers.

We know how challenging it can be to manage a global eCommerce store, but with these adjustments, you’ve taken a big step toward improving your site’s functionality and customer satisfaction.

If you’re ready to dive deeper into optimizing your Magento 2 store, check out our other related blog posts for more tips on configuring other key settings: