This feature allows buyers to actively select their preferred currency from a list of currencies enabled by the administrator for the specific sales channel they are interacting with. Once a currency is selected, all prices will be displayed in that chosen currency throughout their shopping experience.
Changing the currency automatically creates a new order in the newly selected currency.
Crucially, this feature allows merchants to better manage their international pricing strategies (e.g. smart pricing per currency), fine tuning prices when not relying on exchange rates only.
Key Benefits:
- Enhanced Buyer Experience: Buyers can shop and view prices in their familiar local currency, leading to increased trust and potentially higher conversion rates. This localized experience can significantly reduce cart abandonment caused by unexpected currency conversions at checkout.
- Centralized Currency Management: The new "Currencies" tab in the channel configuration offers a dedicated space for administrators to manage and restrict available currencies, providing a clear and intuitive interface for controlling currency settings.
Easy Currency Selection: The new Currency Selector Fragment provides a user-friendly interface for buyers to change their preferred currency at any point during their shopping session.