A currency rate is the rate at which one currency is exchanged for another (see Viewing the list of currencies). Currency rates multiplied by adjustment coefficients are used to calculate charges when the plan currency (see Plan information) differs from the reseller currency (see Creating a new reseller).
By default, all currency rates and adjustment coefficients are equal to 1. It is important to update them for correct calculations.
Reverse exchange rates do not depend on direct rates and are not calculated automatically. Reverse exchange rates must be specified individually for each currency when needed.
Currency rates are set on the root reseller level and automatically applied to resellers on all downstream levels if a downstream reseller did not specify the custom currency rate.
Changing the currency rate may affect prices in Customer Store (see Managing Customer Store currency). Prices displayed in Customer Store in the reseller currency will be updated with the new currency rate only after synchronization (see Managing synchronization of data).
The following operations with currency rates are available:
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Viewing and updating currency rates on the root reseller level
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Specifying a custom currency rate on a downstream reseller level
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Cancelling a custom currency rate on a downstream reseller level
See also Automatic currency rate update from an external source.