Currently all currency input for Product, Price books or any other inventory module are taken in the currency of the logged in user’s preferred currency. In a multi currency situation for Vtiger users, it is tedious to lookup exchange rates and load them into the CRM Currency settings.
vtForexRates addresses this gap. Each service provider has his own way of allowing access to his code system which is called API (Application Program Interface). We need to respect this API with each service provider when we use to interact with his database system and website.
Even though overall they work in a similar manner, when it comes to individual service providers they are all different. FREE provider plans will allow you only updating of currency rates a few times per day/per week/per year. A paid subscription will allow you currency rate updations as per your business use Write to us at firstname.lastname@example.org for more information.
Managing multiple currency exchange forex rates in Vtiger.
Forex rates is a multi-currency feature which supports the usage of multiple currencies in Products, Price Books and other Inventory modules.
The currency value is converted to base currency of the CRM and stored. So basically base currency of the CRM is used as the reference for any Currency value and all conversions with respect to the user.