How Forex Conversion Works

How Forex Conversion Works

Forex Conversion with Quicksync
Forex Conversion with Quicksync
Forex Conversion with Quicksync

Sep 20, 2024

Sep 20, 2024

Currency conversion is a key syncing capability of QuickSync, helping e-commerce businesses, especially on platforms like Shopify, eBay, Square, Squarespace, BigCommerce, WooCommerce, TikTok Shop, Clover, Amazon, and Etsy, manage international transactions with ease.

QuickSync’s currency conversion ensures that stores can price their products accurately and in real-time across borders, giving customers an optimal shopping experience.

Understanding Forex and Currency Pairs

Forex, or foreign exchange, is the process of converting one currency into another, using currency pairs like USD/EUR or GBP/JPY. These pairs allow businesses to set prices in various currencies based on fluctuating exchange rates.

When using QuickSync, your store automatically displays prices in local currencies, updating in real-time to reflect the latest rates. This is crucial for businesses operating globally, as it removes the complexity of manual updates and helps maintain competitive pricing.

Where Does QuickSync Get Its Forex Data?

QuickSync uses ExchangeRate-API, a highly reliable service providing accurate, real-time exchange rates. Trusted by developers worldwide, this API ensures that QuickSync users can always depend on the latest currency data.

Exchange Rate API

This real-time connection keeps your store’s pricing accurate, ensuring that fluctuations in exchange rates are accounted for without manual intervention. As a result, your customers get transparent, up-to-date pricing regardless of their location.

How to Change Your Store Currency in QuickSync

In QuickSync, changing your store currency is a straightforward process:

  1. Go to Settings.

  2. Click on Integrations.

  3. Select the integration where you want to change the currency (e.g., Shopify, Etsy).

  4. In the Change Store Currency section, click Change here.

  5. Select your preferred currency from the dropdown menu.

  6. Click Submit to confirm the update.

By making this change, QuickSync will automatically adjust all future conversions to the new currency, ensuring accuracy and convenience for your business.

Why Choose QuickSync for Forex Conversion?

  • Precision: With real-time exchange rates powered by ExchangeRate-API, QuickSync ensures accurate and reliable currency conversions.

  • Automation: Say goodbye to manual currency updates. QuickSync handles it all, ensuring consistent pricing across regions.

  • Global Capability: QuickSync’s currency conversion lets you sell internationally without worrying about currency fluctuations, allowing for a broader reach.

QuickSync simplifies the complex process of converting currency, ensuring that your store remains globally competitive. Whether you’re looking to reach a broader audience or simply want to ensure pricing accuracy, QuickSync offers the tools and integrations necessary to succeed in the global marketplace.

Currency conversion is a key syncing capability of QuickSync, helping e-commerce businesses, especially on platforms like Shopify, eBay, Square, Squarespace, BigCommerce, WooCommerce, TikTok Shop, Clover, Amazon, and Etsy, manage international transactions with ease.

QuickSync’s currency conversion ensures that stores can price their products accurately and in real-time across borders, giving customers an optimal shopping experience.

Understanding Forex and Currency Pairs

Forex, or foreign exchange, is the process of converting one currency into another, using currency pairs like USD/EUR or GBP/JPY. These pairs allow businesses to set prices in various currencies based on fluctuating exchange rates.

When using QuickSync, your store automatically displays prices in local currencies, updating in real-time to reflect the latest rates. This is crucial for businesses operating globally, as it removes the complexity of manual updates and helps maintain competitive pricing.

Where Does QuickSync Get Its Forex Data?

QuickSync uses ExchangeRate-API, a highly reliable service providing accurate, real-time exchange rates. Trusted by developers worldwide, this API ensures that QuickSync users can always depend on the latest currency data.

Exchange Rate API

This real-time connection keeps your store’s pricing accurate, ensuring that fluctuations in exchange rates are accounted for without manual intervention. As a result, your customers get transparent, up-to-date pricing regardless of their location.

How to Change Your Store Currency in QuickSync

In QuickSync, changing your store currency is a straightforward process:

  1. Go to Settings.

  2. Click on Integrations.

  3. Select the integration where you want to change the currency (e.g., Shopify, Etsy).

  4. In the Change Store Currency section, click Change here.

  5. Select your preferred currency from the dropdown menu.

  6. Click Submit to confirm the update.

By making this change, QuickSync will automatically adjust all future conversions to the new currency, ensuring accuracy and convenience for your business.

Why Choose QuickSync for Forex Conversion?

  • Precision: With real-time exchange rates powered by ExchangeRate-API, QuickSync ensures accurate and reliable currency conversions.

  • Automation: Say goodbye to manual currency updates. QuickSync handles it all, ensuring consistent pricing across regions.

  • Global Capability: QuickSync’s currency conversion lets you sell internationally without worrying about currency fluctuations, allowing for a broader reach.

QuickSync simplifies the complex process of converting currency, ensuring that your store remains globally competitive. Whether you’re looking to reach a broader audience or simply want to ensure pricing accuracy, QuickSync offers the tools and integrations necessary to succeed in the global marketplace.