Product pricing across multiple currencies
Key Takeaway
A product needs a price in each currency it is sold in, because an opportunity uses the price book entries in its own currency.
When a company sells in more than one currency, a product needs a price in each currency it is sold in. Salesforce stores each of these prices as a price book entry, inside either the standard price book or a custom price book. The opportunity's currency then decides which entries a sales rep works with.
How to enable multiple currencies
Selling in more than one currency starts with an org setting, which an admin turns on in Setup.
- In Setup, edit Company Information.
- Under Currency Settings, select "Activate Multiple Currencies".
- Click the "Currency Setup" button, which then appears.
- Add each active currency (for example, GBP or EUR) with a conversion rate.
In Currency Setup, you can also change the corporate currency with "Change Corporate".