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Market: How Are Exchange Rates Calculated?

The exchange rate we use is updated daily, so the conversion shown in the platform will reflect whatever the exchange rate is on that day. We use the following link to calculate this: https://www.exchangerate-api.com/

EDITED stores the price in the local currency that it was crawled in and then the base currency we use for all products (USD). 

You can edit your preferred currency by going to your settings and navigating to the Preferences tab. Note: this currency will apply across your entire dashboard - even if you are analyzing multiple retailers with different base currency types. 

If your currency is set to Euro for example, and the site lists their products in Euro as well, no exchange rate is applied. However, if your currency is set to USD and the retailer sells their products in Euro, this is where the exchange rate will come into play to display the price in the currency you have selected. 

How does this come into play in my workbook?

If a product is still in stock and available on a retail site today, the product’s Current price will reflect today’s exchange rate. If you are using the Rewind Time filter or looking at historical data of that product, the exchange rate used will be based on when we last saw those products. For example if there was a product in your dashboard in stock in 2020, but it's out of stock today, the exchange rate used will be what it was the last time we saw it in 2020. If there are any products in your dashboard that were in stock in 2020, that are still in stock today, the exchange rate used will be today’s.