I have testrun the latest beta and I feel Magento gets better and better
I have some suggestions. I don’t know if the Magento team have thought something about it.
Normally a company is working with one base currency and accept other currencies as well. Precisely like Magento works. However, many times you have an extra cost for to receive/process another currency and if you use for example an import currency service, you get the trade values and not the factual rate.
I suggest that you add a field in the setting called something like “Currency Price Increment”. For example. If we set a value 1.02 , then it would mean that if a customer change to another currency than the base currency, all prices will change to selected currency and automatically calculated up 2%. In this way we get 2% more paid and can compensate the extra cost to process another currency.
I think Magento needs some kind of rounding system. It is special important when you use multiple currency. It doesn’t look professional when you for example use EUR as base and something cost 250 EUR and then an amercian buyer want look on the product in USD and see that it cost $348.23. It would have looked more professional if the price was presented as a cost of $348.
I guess this can be obtained in two way. Either (most easy in a programming way). A genereral rounding rule with for example the following options
Rouding to closest .10
Roudning to closest .50
Rouding to closest 1
Rouding to closest 10
Rounding to closest 100
Rouding to closest 1000
If we want to do it in more correct way, the rounding rule should be connected to each currency the store use. This because each currency has it’s own currency base. For example. Lets say that we have an item that cost USD 200. We use two other currencys. British Pound and Japanese YEN.
It would then be 97.84 GBP and 23132.88 JPY. With a separate rounding rule .. I might would then have selected rules so the following prices would have been presented 97.80 GBP and 23100 JPY.
I hope it makes sense.
One question. How relieable is a service as Webserviceex. You can imagine what happends if one currency are mixed up and you get wrong values.
Thanks for your hard work