# Currency exchange page

> Set up and manage the exchange rates used for currency conversions in Vestis Labs to support accurate costing and consistent currency handling across your seasons and styles.

Source: https://docs.vestislabs.com/settings/currency-exchange-page/

## Currency exchange – admin setup

Set up and manage the exchange rates used for currency conversions in Vestis Labs to support accurate costing and consistent currency handling across your seasons and styles.

## Introduction & best practice

Currency exchange settings in Vestis Labs allow you to define the exchange rates applied when converting between your base currency and other trading currencies. The exchange rate represents how much quote currency you need to exchange for one unit of the base currency. The Currency Exchange and Exchange Rates are used to make it easier for users to calculate costs in different currencies. They are applied in the Cost Section of each style and are available as selectable currencies within your collections. Users can edit exchange rates only through the Currency Exchange page.

**Where to find it:** Settings → Price, Cost & Margin → Currency Exchange

**Requires:** permission `UPDATE_BRAND`

## Create a currency exchange

Navigate to **Settings \>** **Price, Cost & Margin.**

- Choose the header 'Currency Exchange'. The list shows each exchange's **Name**, **Brand**, **Date Created** and **Last Modified**.

![Navigate to Settings Price, Cost & Margin.](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/01-navigate-to-settings-price-cost-margin.webp)

- Click the '+ **New**' button - a Currency Exchange Page will show up.

![Navigate to Settings Price, Cost & Margin.](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/02-navigate-to-settings-price-cost-margin.webp)

- **Name** - mandatory ("Name is required" if left empty). The **Brand** and **Base Currency** are filled in for you and cannot be changed here. If no base currency is set yet, the page shows "Base Currency is not set" with a link to set it first.
- Each row reads "1 [base currency] = **Exchange Rate** [**Target Currency**]". The base side is fixed.
- Click **Add Rate** - Create another Exchange Rate to a different currency. The same target currency cannot be used twice ("Duplicate target currencies are not allowed").

![Navigate to Settings Price, Cost & Margin.](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/03-navigate-to-settings-price-cost-margin.webp)

- Select the **Target Currency** - these are typically currencies your supplier works with.

- Type in the **Exchange Rate** value (0 or more) for that target currency.

With your base currency set and at least one target currency selected, click the **Live Rate** button. It fetches European Central Bank reference rates, which are not dealing rates, so review them before saving. The button is disabled with an explanation if your plan does not include Live Rate.

- Fetched values will populate the **Exchange Rate** field for each row.
- You can manually override any fetched rate before saving — just click into the **Exchange Rate** field and type a new value.

![With your base currency and target currencies added, click the Live Rate button (at least you have 2 target currencies…](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/05-with-your-base-currency-and-target.webp)

- Select the trash icon at the end of a row to **remove** that Exchange Rate.

![With your base currency and target currencies added, click the Live Rate button (at least you have 2 target currencies…](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/06-with-your-base-currency-and-target.webp)

Select '**Create**' to save the exchange rate

![Select 'Save' to save the exchange rate](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/07-select-save-to-save-the-exchange.webp)

## Edit currency exchange list

The **Currency Exchange List Page** stores all the information related to the **Currency Exchange** created in Vestis Labs.

- To change the Currency Exchange - Click the row's menu button and select **Edit**
- The page will be in edit mode
- Click **Save** to finish

![The Currency Exchange List Page stores all the information related to the Currency Exchange created in Vestis Labs.](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/08-the-currency-exchange-list-page-stores.webp)

- Select **Delete** from the row's menu and confirm in the "Are you sure?" window to remove the selected Currency Exchange from Vestis Labs. This cannot be undone.
- Select **Duplicate** to copy a currency exchange: enter a new **Name** in the **Duplicate currency** window and click **Duplicate**.

![The Currency Exchange List Page stores all the information related to the Currency Exchange created in Vestis Labs.](https://docs.vestislabs.com/assets/settings/assets/currency-exchange-page/08-the-currency-exchange-list-page-stores.webp)