For companies operating outside the United States or companies that make purchases in currencies other than US dollars, Silo supports saving price data in multiple currencies. While a global default can be set for a Silo account for a specific currency, the currency setting for a product variant is ultimately specific to a product variant itself. This makes it possible to have product variants in multiple currencies within your product list.
Only admins are able to change the default organization currency. To do so, navigate to the preferences page from the gear icon in the top right.
Once there, under "System Preferences", you may use the dropdown menu to change the default currency. This will change the default currency when adding new product variants to Silo. This will also change the currency in which shipping costs are stored by default.
A product variant currency can be changed (along with the price) on the product details page using the dropdown associated with the price smart configuration.
When adding products via URL or through the CVS import, it is assumed that the default organization currency is being used to minimize the amount of data entry. Product with currencies other than the default can be changed after the import process has taken place. Adding products individually provides the option to change the currency before adding the product.
Silo won't attempt to exchange prices from one currency to another, so changing the organizations default currency won't affect any existing product variants. Updating existing variants must be done individually via the Product Details page. Silo also won't attempt to sum the value of multiple products with different currencies. Thus, if an order comprises products with price data in multiple currencies, you will see "Varying Currencies" in the order total instead of the total price. Along these lines, in the dashboard and in reports, users will only see sums of price data in the organization's default currency.