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Currency Adjustment Rule: How to push different currencies to different channels
Currency Adjustment Rule: How to push different currencies to different channels
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Tokeet Support
Do you need to use different currencies on different channels? With the Currency Adjustment rule, you can automatically convert your default currency to the appropriate channel-specific currency, based on the latest Forex exchange rate.
Let's take a look at an example where we convert currency from our default currency US Dollars (USD) to the local currency Canadian Dollars (CAD) for Booking.com and Agoda. Some channels enforce local currencies on property listings. In some cases, we might just want to accept bookings in a different currency. The rule will allow us to convert into whichever currency is required for the channel(s).
Click the New button
Rules can only be added while editing the strategy. From the strategies overlay, click the New button to add a new rule.
Select the Currency Adjustment Rule
To edit the currency for the channels, select Currency Adjustment Rule from the dropdown list.
Select the channel
The Channel Adjustment Rule modal contains 2 required fields. First, select the channel that you wish to set the currency for in the Channel(s) field.
In our example,we have selected Booking.com. Booking.com often enforces the local currency for property listings, so we will convert the nightly rate from USD to CAD.
Select the currency
Next, select the currency that you want to use for the specified channel in the Currency field. This will allow the selected currency to be pushed to the specified channel.
Rategenie will convert the default currency shown in the rates calendar into the selected currency using the latest Forex rate.
In our example, we have selected Canadian Dollars (CAD). This will ensure that when Rategenie pushes rates to Booking.com, it will convert the nightly rate into the correct currency first.
OPTIONAL: View the Forex exchange rate
Next, click the Exchange Rate button to open the latest Forex exchange rate graph. This will be the latest exchange rate information used by Rategenie when pushing rates.
The source currency for this graph will use the Default Currency set on the Account Info page in Rategenie.
In our example, we can see the foreign currency exchange rate for USD to CAD. The graph will show the exchange rate for the last 24 hours, and is constantly updated.
OPTIONAL: Add additional adjustments
Next, click the Add New Item button to add additional currency adjustments. You can add other channels that you wish to have currency adjusted during rate pushes.
In our example, we have selected Agoda for the channel, and CAD as the currency. This will allow Rategenie to convert the nightly rates into the correct currency before pushing to Agoda.
Click the Save button
Lastly, click the Save button to save the rule to the strategy.
Please remember to save the strategy, in order for the changes to take effect. New rates will only be generated once the strategy has been saved.
As always, please contact us with questions any time. We're happy to help.
In our example, we have selected Booking.com. Booking.com often enforces the local currency for property listings, so we will convert the nightly rate from USD to CAD.
Rategenie will convert the default currency shown in the rates calendar into the selected currency using the latest Forex rate.In our example, we have selected Canadian Dollars (CAD). This will ensure that when Rategenie pushes rates to Booking.com, it will convert the nightly rate into the correct currency first.
The source currency for this graph will use the Default Currency set on the Account Info page in Rategenie.In our example, we can see the foreign currency exchange rate for USD to CAD. The graph will show the exchange rate for the last 24 hours, and is constantly updated.
In our example, we have selected Agoda for the channel, and CAD as the currency. This will allow Rategenie to convert the nightly rates into the correct currency before pushing to Agoda.
Please remember to save the strategy, in order for the changes to take effect. New rates will only be generated once the strategy has been saved.