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# Foreign currencies
Odoo allows businesses to manage pricing across multiple currencies using pricelists. With support for a wide range of global currencies, companies can easily operate in international markets and maintain accurate pricing.
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.