Our company's main currency is $AUD but we also do some business in New Zealand. I have added the NZ currency option, but was surprised that it asked me to manually configure the conversion rate. It would be quite simple to link the conversion rate to automatically update the current exchange rate.
Are Hubspot able to link the currency to auto-update like Xero does?
Could you add this to your list of requested features for the next update?
👋 Hello Community members,
I’m Jeannie, a product manager working on multicurrency. Thank you all for sharing your feedback regarding managing multiple currencies in HubSpot.
My team and I have been working on ways to improve your experience with this. We’ve developed a public API that connects to HubSpot’s multicurrency database. The API is still in early access and we invited Justin and the Pacific Marketing Labs team to test it.
Leveraging the public API, Justin’s team has added two new features to the Currency-R8 app:
1) Update exchange rates for all currencies in HubSpot Settings with a click of a button, and
2) Schedule daily updates to exchange rates, so you can set it once and forget it
As part of testing the public API, it would be helpful to get feedback from end users of the Currency-R8 app.
ACTION: If anyone here has already downloaded or is interested in installing the app, your feedback on these two new features would be invaluable! Early access participants will receive an extended free trial and additional free credits, courtesy of the Pacific Marketing Labs team. Here's the request form.
Watch this video to see the Currency-R8 Scheduler in action.
Hey HubSpot Community,
Thank you for the feedback. The team would like to better understand the need to set exchange rate dynamically. If you're keen to chat with the team, please fill out this form. We'll reach out for a call.
Thank you for making HubSpot CRM a better tool.
Great idea! We run internationally and require use of multiple currencies and having to continually manually update the exchange rate is getting a little crazy. If not a auto-update an API integration would also be helpful.
Yup, I second this.
I was super surprised to find out that the multi currency auto rates are not there.
I charge deals in USD, NZD, and AUD. My pipedrive app (fraction of the price) and Xero accounting software do this using xe.com exchange rates. With all the API s available this would be great if deals can have the auto rates made available. It's not acceptable to manually update these constantly or to have to look up the rates. Thank you.
This is absolutely must, can't sit and update every other day.
This is a necessity as we work in Canada and the US. Cannot manage an accurate pipeline whatsoever rightn now which is a huge dedtriment to our business
Considering the importance of currency conversions and exchange rates, it would be really great to have an auto update capability.
If not, at least have the ability to upload a spreadsheet with set rates for various currencies whenever desired and have that update the system. This would save a lot of manual work!
That would be much of help! Our Enterprise customers all sell in at least 5+ currencies. It should not be the task of a sales or marketing person to update currencies in the product.
I too have this issue. Seems non sensible to add a new currency if you can't then use that rate to auto update all products.
Yes, this is something we would need as currency conversion rates are constantly changing.
There is a work around. I add the currencies in HubSpot and then export all of the products and this creates a column for those currencies. I then write a formula in Excel which automatically populates all cells and then reimport it to HubSpot. Not sure why this can't be done within HubSpot but I'm sure they're on to it
This is definitely a feature I expected. Has any progress been made with this feature since the original post? I imagine this is a pain for anyone working with multiple currencies.
yes please! I would have expected this to be out of the box, a manual input becomes outdated almost instantly!
@dennisedson Do you know if this feature is in the product development pipeline? I'm super surprised this isn't already available via the API. Thanks 😄
I chatted with our Product team about this Idea, and wanted to provide some updates. We're currently having some light conversations about how automatic currency conversions might be implemented in HubSpot.
When it comes to currency exchange, there are a lot of factors in play (changing exchange rates, tax codes, etc.), so we want to be 100% sure we can deliver an A+ feature before deciding to (or to not) move forward with development.
All updates will be relayed through this thread, so stay tuned.
Ideas Forum Manager
Really appreciate this. I'm sure there are as you say many factors at play here. I export around 480 products from HubSpot with their GBP price and then in Excel have to multiply each GBP price by todays exchange rate in JPY, USD and EUR. Takes me about 15 mins in total but I can't for the life of me see why that can't be done in HubSpot by populating the curency fields.
Look forward to hearing how this progresses.
@HeathVE @adamlfoster There is now a currency conversion app available in the HubSpot App Marketplace.
The HubSpot Solutions Partner behind this app, Bayard Bradford, are the creators of the popular Ultimate Data Export app for HubSpot.
I wanted to hop in and let you know there's an awesome new app in the HubSpot marketplace that solves this issue!
The Ultimate Currency Converter enables you to convert deal amounts into other currencies inside of HubSpot deals within seconds. The conversion rates are updated every 60 seconds to give you near real-time accuracy when using the calculator.
Thanks for the heads up, Joe. It's nice to see that something is out there.
However this seems like something that's relatively simple do to and a reasonable request from any company that operates in multiple countries/currencies. I'm not sure how I feel about paying $200/year for something when I was just hoping HubSpot would add this to the development path to improve their core product.
Thanks again for the heads up, though.
Thanks for the update. I will also echo what Michael said, it seems like an expensive product for this type of feature.
Looking forward to this being included to Hubspot's core product as well!
I'm updating this thread to Not Currently Planned because the use case has been solved by a partner in our App Accelerator program. The App Accelerator program is when HubSpot enlists partners to build apps to solve customer problems that the HubSpot product team doesn't have the resources to fill.
In this case, DataWarehouse.io built the Ultimate Currency Converter app, which enables you to convert deal amounts into other currencies inside of HubSpot deals. Learn more here: https://ecosystem.hubspot.com/marketplace/apps/sales/crm/ultimate-currency-converter
Ideas Forum Manager
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.