Pricelists can also be used to manage prices in foreign currencies.
- Check Allow multi currencies in :menuselection:`Invoicing/Accounting --> Settings`. As admin, you need Adviser access rights on Invoicing/Accounting apps.
- Create one pricelist per currency. A new Currency field shows up in pricelist setup form.
To activate a new currency, go to :menuselection:`Accounting --> Configuration --> Currencies`, select it in the list and press Activate in the top-right corner. Now it will show up in currencies drop-down lists.
Prices in foreign currencies can be defined in two fashions.
Automatic conversion from public price
The public price is in your company's main currency (see :menuselection:`Accounting --> Settings`) and is set in product detail form.
The conversion rates can be found in :menuselection:`Accounting --> Configuration --> Currencies`. They can be updated from Yahoo or the European Central Bank at your convenience: manually, daily, weekly, etc. See :menuselection:`Accounting --> Settings`.
Set your own prices
This is advised if you don't want your pricing to change along with currency rates.