Building a marketplace with WooCommerce is the preferred solution. By installing a currency exchange plugin on your WordPress foreign trade website, you can easily conduct international business. This is because it allows your customers to view the prices of your products in their own currency, thus improving the user experience.
In this tutorial, we’ll show you the best currency conversion plugins that you can use on your WooCommerce mall site.
But before we do so, let’s take a quick look at why you should use a currency conversion plugin in the first place.
Benefits of Using a Currency Conversion Plugin
If you run an online business with international clients, you must install the currency conversion plugin on your website. These are some of the benefits of using the WordPress currency conversion plugin.
Expand your business: by using the currency conversion plugin, you can reach out to a larger customer base from different countries. It helps your international customers to convert your prices into their own currency without having to do the calculations manually.
Reduce confusion between buyers: the currency conversion plugin can simplify the receipt of international payments for your business. This will reduce buying friction between users. This means you’ll never lose customers to price confusion.
Business risk: with a larger user base, your business will also gain a lot of risk, which can be very helpful in growing your business.
Popular WooCommerce Currency Conversion Plugins
Well, let’s take a look at some of the more popular WooCOmmerce currency exchange plugins, in no particular order!
1. Currency Switcher for WooCommerce
The Currency Switcher for WooCommerce plugin extends WooCommerce by adding a currency switcher to the front-end of your store.
Automatic currency exchange rate updates.
Price per product.
Country currency (i.e. customer’s IP).
Currency (by language (i.e. language environment)).
Possibility to revert to the original currency at checkout.
Option to override currency by user selected billing or shipping country/region.
Various currency switcher placement options.
Price formatting options for each currency.
Option to change order currency additionally through administrator.
Option to add country markers to the currency switcher.
The free version of Currency Switcher for WooCommerce can have up to 3 currencies, the paid version does not limit the number of currencies and supports displaying flags.
WooCommerce Currency Switcher
WooCommerce Currency Switcher (WOOCS) is a WooCommerce multi-currency switcher that allows your site visitors to switch product price currencies in real time and pay in the selected currency (optional) based on the set currency exchange rate. Allows you to add any currency to your WooCommerce store. Makes multi-currency the ideal solution for WooCommerce store sites!
This plugin has the following features: checkout using selected currencies, different GeoIP rules, different fixed price rules and amount rules, user role based prices, country/region based prices, payment rules, API.
The free version of the plugin supports only 2 currencies, and there is no limit to the number of currencies when you buy the premium version.
3. Price Based on Country for WooCommerce
WooCommerce’s country/region based pricing allows you to sell the same product in multiple currencies based on the country/region your customer is located in.
The plugin automatically detects the country/region a website visitor is in via the geolocation feature included in WooCommerce (version 2.3.0 or later) and displays the currency and price you have previously defined for that country/region.
You can set product prices for each country/region in two ways.
Calculate the price by applying the exchange rate.
Set prices manually.
When the country/region changes on the checkout page, the cart/order preview and all stores will update to show the correct currency and price.
4. WooCommerce Currency Switcher by WooBeWoo
The WooCommerce Currency Switcher plugin lets you display prices in multiple currencies, use an unlimited number of currencies and manually or automatically set the exchange rate for each currency. The plugin makes full use of the Cryptocompare and Free Converter platforms to provide the latest exchange rates and converts the displayed prices in real time. Currencies can be changed automatically based on the client’s IP address.
You can use Currency Switcher with other modules – currency exchange rates, converters and tooltip mode. This will give your customers the opportunity to pay in their preferred currency and increase your store’s sales. Make online stores use the best currency switcher for different currencies!
An unlimited amount of currency
Manual/automatic exchange rates for each currency
Settlement of accounts in selected currencies
Display settings for each currency
Currency Switch Design
Custom markers and currencies (Premium features)
Compatible with WordPress themes
Currency converter, currency exchange rates and tool tips (advanced features)
Increase Shopping Cart Conversions
Geo IP rules (advanced features)
5. WooCommerce Multi Currency – Currency Switcher
If you have a WooCommerce store, then WooCommerce Multi Currency is a must-have plugin for you.WooCommerce Multi Currency allows your customers to switch between currencies and helps your store accept payments in multiple currencies. The exchange rate can be set manually or automatically. The plugin automatically gets your customer’s geolocation information and displays prices in their local currency.
The plugin is very flexible, with many options for front-end display, updated exchange rate options
Automatically update the exchange rate: the plugin automatically updates the exchange rate. You can set the time to update automatically: every 30 minutes, 1 hour, 6 hours, 1 day, 2 days, 3 days, 1 week, 1 month.
Successfully update exchange rate email: whenever the plugin updates the exchange rate, it will send a notification email.
Manually set exchange rate: the plugin also allows you to manually set the exchange rate.
Exchange fee: every time you exchange a currency from one currency to another, the bank or money transfer operator may charge a currency exchange fee. The difference between the exchange rate they decide to use and the actual exchange rate traded in the market is the currency exchange fee.WooCommerce Multi Currency allows you to add a permanent exchange fee to the exchange rate.
Price Format: configures how prices are displayed on the front end. For example: $100; $100; 100,00 $; 100.00 $…
Custom Currency Symbols: You can customize the currency symbols. For example, USD can be displayed as USD, USD, USD…
Fixed Price: WooCommerce Multi-Currency allows you to set custom prices in different currencies for each product. The fixed price will override the price based on the exchange rate.
Hidden Currencies: This plugin allows you to hide the currencies that you don’t want displayed on the front end.
Choose Currency Rate Server: you can choose to update the exchange rate from VillaTheme.com, Google Finance, Yahoo Finance. More exchange rate servers will be added in the future.
Use session: the plugin will use a session instead of a cookie to save the selected currency.
Currency price toggle: a toggle will appear below the product price. Allows customers to switch prices between currencies.
Automatic currency detection
WooCommerce Multi Currency automatically detects your customer’s national currency based on their country or language.
Important: Please note that the auto-detect county feature may not work properly on websites/servers with caching. Please try the free version to check if it will work on your website.
Detect Currency by Customer’s Country: the plugin will detect the customer’s country based on their IP address and then select their currency to display the price.
Country Currencies: you can choose which currency will be displayed to customers from which country.
Approximate Price: Using this feature, the price will be displayed in the default currency. However, underneath, there will be an approximate price displayed in the customer’s home currency. Helps customers to know about expensive/cheap products.
Automatic currency selection according to Polylang language: the plugin will select a currency to display the price according to your website language. Example: You have 2 languages on your website, English and Spanish, you can choose to display GBP prices in English website and EUR prices in Spanish website.
Automatic currency selection according to WPML language: similar to Polylang, but the price will be selected according to the WPML language.
WooCommerce Multi-Currency allows you to choose your checkout currency. You can choose one or more checkout currencies.
Important: Please note that in order for the payment gateway to appear on the checkout page, the payment gateway must support your default currency.
Example: PayPal cannot be enabled on the checkout page if ZAR is the default currency, because PayPal does not support ZAR, even if you change the ZAR to USD on the front end using “Multiple Currencies”.
Allow Multi-Currency Payments: Customers can make purchases in the currency of their choice. In order to use this feature, you will need to enable a payment gateway on your site that supports the customer’s currency of choice.
Selected checkout currency: This plugin allows you to select the checkout currency. For example, you can display prices in 4 different currencies in the store, but only accept payments in 2 currencies.
Show currency based payment: you can select a currency based payment gateway to display on the checkout page.
Check out currency on the cart page: you can change the currency on the cart page to check out the currency.
6. WooCommerce Multiple Currencies
WooCommerce Multi-Currency is very easy: install, choose currency and update frequency!
It doesn’t require you to configure any paid third-party services to update your rates or any other tricky setups! It relies on its own update rate system (supported by CurrencyConverterApi) and does not require any additional configuration.
The plugin will update rates automatically without any additional configuration or third-party services. The plugin relies on its own innovative update rate service without any other tricky settings for store administrators (supported by CurrencyConverterApi)!
Currency Switcher Display Options
The plugin allows the currency switcher to be displayed automatically in any page footer, any menu (as the first or last element) or via a widget! Widgets can be added to any widget area via the Appearance->Widget menu.
Geographic location: default currency per location
For each currency, store administrators can choose to associate a default country/region. This way, the plugin will automatically select that currency the first time any customer from that country/region visits. Perform country/region detection using the WooCommerce geolocation feature.
Payment gateways for each currency
Do you only want to offer certain payment gateways for certain currencies? You can! Simply use the “Rates” menu to select the desired currency for each currency.
Using the WooCommerce multi-currency conversion plugin will improve the experience of users around the world, and the 6 currency conversion plugins presented in this article have similar functionality.