Prestashop Bank of Israel - currency exchange rates

More info: Prestashop Bank of Israel - currency exchange rates

This PrestaShop module fully automates the currency exchange rate update process, using official rate data published by the Bank of Israel.

The module connects directly to the official data feed of the Bank of Israel to fetch the latest daily exchange rates. All rates are quoted against the Israeli New Shekel (ILS).

After fetching the data, the module intelligently processes the rates:

1. It identifies the latest available trading day (automatically skipping non-trading days and public holidays in Israel, e.g., Shabbat).

2. It builds an efficient, internal map of all available currency rates.

3. It imports rates directly (if ILS is the store's default currency) or calculates precise cross-rates (if the default currency is e.g., EUR or USD).

4. It updates all active rates in the PrestaShop panel.

Thanks to full integration with CRON tasks, the entire process runs 100% automatically. The module also allows you to define an individual percentage margin (positive or negative) for each currency, giving you full control over the final prices.

Key Advantages of the Module

Here are 10 key advantages of using this module in your PrestaShop store. Implementing this module in the PrestaShop environment comes with the following key benefits:

1. 'Set-and-Forget' Operation (CRON) The module is designed for maintenance-free operation. After a one-time CRON job configuration, the process of fetching and updating rates runs fully automatically, eliminating the need for daily intervention.

2. Authoritative Data Source (Bank of Israel) The module fetches data directly from Israel's central bank. This guarantees access to official, reliable, and the most current reference rates for the Shekel (ILS), which is crucial for financial consistency.

3. Flexible Price & Margin Control The software provides the ability to define a custom percentage margin (additive or subtractive) for each currency individually. This is an essential tool for managing profitability and protecting against rate fluctuations.

4. Accurate Cross-Rate Calculations (ILS-Based) Even if your store's default currency is EUR, USD, or another, the module will precisely calculate all cross-rates using ILS as the base. This ensures mathematical accuracy for all conversions.

5. Intelligent Holiday & Weekend Handling The module automatically detects the absence of new data (e.g., on weekends, public or religious holidays in Israel) and safely retains the last known rates, ensuring store continuity without generating errors.

6. Optimized for Speed and Low Overload The data parsing and database update process is highly optimized. The module runs quickly and does not generate unnecessary server load, ensuring smooth CRON job execution even on shared hosting.

7. Clear Execution Logs Every CRON job execution is logged. In case of any issues (e.g., connection failure) or a skipped currency, the module generates a clear message, which simplifies monitoring and diagnostics.

8. No Hidden Costs or Subscriptions The official Bank of Israel data source is public and free. The module does not require any API keys or additional licensing fees for access to the rates, ensuring predictable costs.

9. Stable Currency Skipping If a currency is active in your store that the Bank of Israel does not list, the module will not stop. It will report the omission and safely update all other supported currencies.

10. Ideal for the Israeli Market This is a key solution for stores that settle in ILS or target customers in Israel. It ensures full compliance of your rates with the local financial market.