Feature request: Auto update currency conversion rates
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?
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.
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.
Please reconsider this update urgently as Ultimate Currency Converter does not address the functionality of this thread. I was massively surprised to discover the lack of simple exchange rate features in Hubspot. The core feature needs to be:
- Automatically update the exchange rates between foreign currencies and the Company Currency on at least a daily basis.
- Ensure Closed Deals capture the exchange rate at the time the deal is set to Closed.
- Allow a manual override of the exchange rate on any deal.
@SGates@LMartin82@LWilson3@JoeMayall Based on your feedback, the Ultimate Currency Converter app is now FREE for all users on the app marketplace. We are working on some enhancements based on your comments, which will be announced shortly. Thank you for helping us provide a useful service to the HubSpot Community.
UPDATE: At the end of 2021, The Ultimate Currency Converter app was withdrawn from the HubSpot App Marketplace. The app remains available on a private basis from Datawarehouse.io as a paid service.
That currency converter does NOT solve the issue. I cannot use the "amount in company currency" property and all our revenue attribution reports will still pull from the hubspot account settings exchange rate. It seems this will only update on the deal, not on our whole hubspot instance.
Has the Ulimtate Currency Converter been renamed/moved? I can't find it in the marketplace?
Also @JoeMayall has there been any movement on this, we currently sell in 5 currencies so not having an auto update currency feature could be a deal breaker.
@MFerndale Regrettably, the Ultimate Currency Converter app has been discontinued due to lack of usage. The app is still available privately as a paid service. DM me if you are interested in learning more.
The page Joe referenced above also doesn't exists so I guess it's certainly gone.
I just built out a simple workflow in Integromat that updates all my products for me automatically. This can also be done with any other no-code integration tool such as Zapier.
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.
I 100% agree with this. It is a total chore having to update this manually periodically. We transact in over 20 currencies worldwide so this is a big problem for us. Also, having to manually adjust each product currency support is another issue. The product pricing reflects in cost. Our default is USD so the default currency setting you put in the exchange rate, but on the product side you put in the cost in the local currency as related to your default currency price. There must be a better way of doing this and avoiding all the manual input.
Having the ability to change the currency rates in the account automatically with a provided service or with an API is fundamental to any business that needs reporting
