Foreign currencies

Odoo enables businesses to handle pricing in multiple currencies through the use of pricelists. In total, the system supports up to 167 currencies, making it suitable for global operations.

Note

To work with multiple currencies in Sales, the Accounting application must be installed.

Settings

After installing the Accounting app, additional currencies can be configured. Go to Accounting app ‣ Configuration ‣ Settings, then scroll to the Currencies section and locate the Main Currency option.

By default, Odoo assigns the company’s primary currency based on its country.

To change it, open the Currency dropdown, select a new currency, and click Save.

Tip

Enable automatic currency rates to keep exchange rates up to date automatically. This option is available in Accounting app ‣ Configuration ‣ Settings ‣ Currencies.

Activate the Automatic Currency Rates option, choose a provider in the Service field, and define how frequently updates should occur using the Interval setting. You can also control the Next Run timing.

To manually refresh rates, click the 🔁 icon next to the Next Run field.

Once configured, don’t forget to Save your changes.

Note

All payment methods must use the same currency as the sales journal (or company currency if no journal is set). Otherwise, a validation error will occur.

View, edit, and add currencies

To manage available currencies, click Currencies under the Currency field on the settings page.

This opens a dedicated list of all supported currencies.

Each entry displays details such as:

• Currency code and symbol

• Name

• Last update date

• Current exchange rate

You can also control availability using the Active toggle.

Note

Currencies marked as Active appear at the top of the list.

Tip

It’s recommended to create at least one pricelist per active currency. Refer to
Pricelists for more details.

Toggle currencies on or off using the switch: green indicates active, grey indicates inactive.

Currency detail form

To modify a currency, select it from the list to open its detail view.

Here you can:

• View or edit the currency code and name

• Enable or disable it using the Active toggle

• Define the Currency Unit (e.g., Dollars) and Subunit (e.g., Cents)

Under the Rates tab, you can manage exchange rates. Each entry includes:

• Date

• Company

• Conversion values

Note

The column labels depend on your main currency. For example, if the main currency is USD, fields will appear as Unit per USD and USD per Unit.

To add a rate, click Add a line and fill in the required details.

Main currency detail form

If a currency is set as the company’s primary currency, a blue banner appears stating: This is your company’s currency.

Unlike other currencies, this form does not include a Rates tab, since all other currencies are calculated relative to it.

Create new currency

If a currency is not listed, click New to create one manually.

Tip

The New button is also available within any currency detail page.

Enter the following details:

• Currency code

• Name

• Activation status

• Unit and subunit

Then, add at least one exchange rate under the Rates tab using Add a line.

Ensure all values (date, company, and conversion fields) are correct.

Note

Conversion fields will reflect the company’s main currency (e.g., USD).

Currency-specific pricelists

For better control, it’s recommended to assign a pricelist to each active currency.

To do this, go to Sales app ‣ Products ‣ Pricelists.

Open an existing pricelist or create a new one, then set the desired currency in the Currency field.

Auto-conversion from public price

Product public prices are based on the company’s main currency.

When a different pricelist (with another currency) is applied, Odoo automatically converts the price using the latest exchange rate.

Set product prices

To avoid fluctuations due to exchange rate changes, fixed prices can be defined per currency.

Go to Sales app ‣ Products ‣ Products, and open a product.

Click the Extra Prices smart button to access price rules.

Click New, then:

• Select a Pricelist

• Set Minimum Quantity

• Define the Price

Note

The minimum quantity determines when the price rule is applied.

Optionally, set:

• Start and end dates

• Company (for multi-company setups)

If left blank, the rule applies universally and indefinitely.

Once configured, these fixed prices override automatic currency conversions when the selected pricelist is used.