> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://help.transcy.io/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# How to Set Up Exchange Rates in Transcy

Setting up the exchange rates is crucial for accurate pricing across different markets. **Transcy** makes this process simple with flexible options that suit your business needs.

## Quick Steps to Configure Exchange Rates

→ In the Transcy, navigate to the "**Market management"** menu
→ In "**Market management**", select the "**Currencies" tab** below
→ Select your desired currency
→ Click the "**3 dots"** to edit format
→ Choose the "**Exchange Rate"** option

![Currency interface](https://storage.crisp.chat/users/helpdesk/website/-/3/5/1/b/351b76ece3eb1400/screenshot3_2cl95m.png)

![Exchange rate format](https://storage.crisp.chat/users/helpdesk/website/-/3/5/1/b/351b76ece3eb1400/screenshot5_1c4t5yz.png)

## Choose Your Exchange Rate Method

**Transcy** offers two convenient options:

**Auto Exchange Rate**
Uses **Transcy's reliable service** powered by [third-party financial data](https://www.google.com/finance/quote/EUR-USD) for real-time accuracy.

**Manual Exchange Rate**
Perfect for businesses that prefer custom control over their pricing strategy.

## Important Notes

|| Reset to Default: Restores all settings to Transcy's recommended configuration with automatic exchange rates
|| Daily Updates: Auto exchange rates refresh daily at 2pm GMT+7 timezone using reliable financial data
|| Default Currency: Exchange rates and rounding rules for your store's default currency cannot be modified

![Default currency settings showing locked exchange rate options](https://storage.crisp.chat/users/helpdesk/website/51849c8de000cc00/screenshot-2023-11-09-at-21051_pqui7n.png)

|| Transcy uses USD as the base currency for all exchange rate calculations. This ensures consistency across all your international markets.

![USD base currency interface showing non-editable exchange rate](https://storage.crisp.chat/users/helpdesk/website/51849c8de000cc00/screenshot-2023-11-09-at-21052_1pjqzt0.png)
## Next Steps

Ready to enable multi-currency checkout? Check out our guide: [How to support multi currency checkout in Transcy](https://help.transcy.io/en/article/faq-does-transcy-support-multiple-currency-on-checkout-page-rw9rwr/)

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Need help getting started? Our support team is here to assist you via live chat or email us at support@transcy.io