Many of our Price Book App users have feedback us that they wish to have foreign currency feature. Some of the users, they always travel overseas and will shopping over there. So, they want to use foreign Currency Price to compare with the price they purchase locally.
Now, here comes Foreign Currency feature.
In order to ensure all the users able to quickly catch up this feature easily, we come up with this simple tutorial.
For first time foreign currency feature users, there are 3 simple steps you might follow as below:
1st Step: Confirm your main currency in Price Book
Please confirm your main currency before adding any new foreign currency. Please do not change the main currency after adding foreign currency to avoid any incorrect exchange rate price.
2nd Step: Add your foreign currency
Page (Click More Setting Icon on top right) > Go to “More Setting” Page
Then, at “More Setting” Page, click Foreign Currency icon to get in Foreign Currency Page.
After get in the page, click “Add” Icon on top right of Foreign Currency Page.
Then, you will see the popup as shown below.
Now, you can choose your preferred foreign currency and enter your exchange rate.
You can choose to tick or untick the “update existing item exchange rate” option. Then click Save, you are now done with adding foreign currency part.
we will discuss further and shows how this option work in the later section.
3rd Step: Add in the item price with new added foreign currency rate
After add in the foreign currency and its exchange rate. Now, you can add in the item price with your new added foreign currency.
Example: Adding price with new foreign currency for existing item.
At item record page, scroll down to “+ Price” section.
Click “+ Price”.
You will see a add price popup.
Choose the foreign currency you wanna to add.
Then, enter the price.
The price entered will be shown in the price history section of the item as shown in the pic below.
The new added price with foreign currency MYR 2 as shown in the pic below is the price that you have purchased in Malaysia Ringgit. The USD 0.50 highlighted with red frame is the price that have been converted into your main currency (USD) based on the exchange rate that you have entered in the foreign currency page.
How's update existing item exchange rate option work?
Now, let’s see how the “Update existing item exchange rate” option in the foreign currency work.
1. Update existing item exchange rate option is unticked
If unticked the option, existing item will keep the old exchange rate. Only new added price will use the new exchange rate.
Lets see how’s it work!
This is the price history record section of item Knor Chicken Mushroom Soup before we change the currency rate and untick the “update existing item exchange rate” option.
Now, we change the MYR currency rate from 4 to 4.50 and untick the “Update existing item exchange rate” option and save it.
Then, we look back the history price section. We can see that the price in the red frame below is still remain unchanged as before, it still keep the previous currency rate. It didn’t update to the latest exchange rate since we unticked the update option.
Alright. Now we add in a new price for the Chicken Mushroom Soup in MYR.
We can see that the new added price shown in the red frame is converted into USD with the new currency rate.
2. Update existing item exchange rate option is ticked
Let’s see the price history record first before we change the currency rate.
Now, we change the the currency rate from 4.0 to 4.3 and ticked the update option.
We can see the converted price in red frame has updated to latest exchange rate as we have ticked the update option.
This is an exciting feature for those who love to travel and shopping oversea. Besides, users who love to online shopping at foreign website also can use this feature to record the item price. By using this feature, users can compare their item price easily and more accurately.
We hope you enjoy this feature. If you have thought to share about using this feature, welcome to comment below to let us know. Any question or feedback regarding this feature, please email us to [email protected] or through the feedback form within the app.