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currency exchange rates inaccurate...?


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Hello,

I'm having problems with the currency exchange rates on the board, they aren't accurate at all. I am running 3.0.4 using the Killer style (templates modified a bit on the storefront to add a few columns on the sides) but other than that nothing has been modified.

I have a product listed for $6 USD

When I change currencies on the store front, it lists the prices as:

Euro 7.20

British Pounds 10.56

AUD 4.56

However, if I check the exchange rate for $6 manually (I used Yahoo Finance Currency Covertor http://finance.yahoo.com/currency )

I get the following amounts:

Euro 5.02

British Pound 3.41

AUD 7.85

Why is there such a difference?

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You have to ensure the exchange rates are set correctly in the "Currencies" setup of the admin panel. Non-default currencies MUST be relative to the default currency.

I.e. if your default currency is USD, then...

USD = 1.00000

AUD = 1.31020 *

GBP = 0.56902 *

*accurate as at 4/10/05 from xe.com/ucc

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