On the Shopify store, you can manually set up rounding rules for exchange rates. This feature will allow you to lock a fixed rate for each enabled currency and additionally, you don’t have to worry about price fluctuations. That clearly means your price won’t change with the present market rates.
While setting up rounding rules in Shopify, your converted prices and shipping rates can fluctuate based on the currency exchange market, but the custom rounding rules help keep your prices stable.
Steps to enable custom rounding rules for exchange rates
If you wish to set up custom rounding rules for the exchange rates, then follow the below steps from your desktop:
Please Note: You must have Shopify Payments as your Payment Gateway.
Step 1: Navigate to “Payments” in Shopify’s Settings.
Step 2: From the Payments section, tap on the “Manage” button.
Step 3: Scroll down to the “Countries/regions” section and click on the Edit button- next to the currency you want to edit.
Step 4: Again click on the "Edit" button next to the selected currency.
Step 5: Scroll down to the Price rounding & give a custom rounding price and then click on the “Save” button.
At the point when you sell in different currencies, changes or modifications in the exchange rates may cause your product costs and shipping rates to have conflicting value endings.
You can round your product costs and transportation rates to keep away from conflicting value endings after the currency conversion process.
Your changed rates vary on the present market prices, however applying rounding rules keeps your product’s costs and shipping rates stable.
Also, make sure you are aware of the fact that rounding rules don't apply to gift vouchers.