Multiple currencies for single market (COD)

Shopify Discussion
1

Hi everyone, i just want my store to display 2 currencies for a single market while I adjust the exchange rate manually. The main currency should be US$ while the display currency should be PKR. The reason being that I buy my products with US$ and I have to sell them at PKR, the local currency, to the local market. The problem is that the local currency fluctuates a lot. Also, I’m not using any form of online payments and I’m only using a Cash On Delivery method. Can someone please help me?

Example: If the exchange rate is 1 US$ = 285 PKR, and I buy a jacket for my store at 30 US$ (8550 PKR) and I would like to sell it for a margin of 20%, I would have to price it at 36 US$ (10260 PKR). The prices must be displayed in PKR for the local market. However, after one month the PKR will definitely depreciate against the US$. So, when my customer buys it 10260 PKR, while one US$ equals 350 PKR, I will make a loss because now the price of my product will equal to 29.31 US$, which is lower than the price I paid for sourcing my product.

Sincere thanks in advance for any intention to help me and especially for any effort to help me.

1 Like
2

Hi @wa87
Did you have a look at using Shopify Markets.
See below link for more information on how to use Shopify Markets

https://help.shopify.com/en/manual/markets

3

Hello @Harsh4 ,

Thank you for your intention to help. I tried adding making my store’s currency as USD and then I made my local market as a separate market through Settings>Markets, but I was unable to change the currency in any of the markets because it required shopify payments.

“Shopify Payments is required to manage currency.”

Thank you.

1 Like