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Currencies define the monetary units available for pricing, with exchange rates for conversion.

Overview

Currencies allow pricing to be managed in different monetary units. Each currency has an exchange rate relative to the default currency, enabling price conversion.

Fields

Relationships

Scopes

Creating a currency

Exchange rates

Exchange rates are relative to the default currency. For example, given the following default currency:
The default currency’s exchange rate is set to 1 as the base. To add EUR (Euros) when the exchange rate from GBP to EUR is 1.17, the value should be relative to the default: 1 / 1.17 = 0.8547. The exchange rate is independent of product pricing, as prices can be specified per currency directly. The exchange rate serves as a helper when working with prices.