Prestashop Bank of Latvia (Latvijas Banka) - currency exchange rates

More info: Prestashop Bank of Latvia (Latvijas Banka) - currency exchange rates

Make running your store easier and let currency rates update themselves with a module connecting your PrestaShop to the Bank of Latvia (Latvijas Banka).

This tool acts like your virtual financial assistant. It connects to the official database of the Bank of Latvia (part of the Euro system) and downloads current rates from there. Everything is based on the Euro (EUR), giving you the confidence that you are using the same rates as banks and institutions across Europe. It's the perfect solution if you want peace of mind with price conversions and certainty that you aren't losing money on exchange rate differences.

How does it work in practice? The module performs four simple steps for you:

1. Checks the calendar: It knows when banks are working and when they are off (e.g., weekends or holidays), so it only downloads data when it's fresh and current.

2. Quickly organizes data: It instantly creates a list of rates for all currencies against the Euro, so your store doesn't waste time on complicated calculations.

3. Intelligently converts: If your main currency isn't the Euro (e.g., you run a store in USD or GBP), the module precisely converts the Euro rate to your currency, and then to all others. It does this with mathematical precision so you don't lose a penny.

4. Safely saves: Finally, it updates the prices in your store so that at the moment of purchase, the customer always sees the correct amount. Everything happens smoothly and unnoticed.

Most importantly, thanks to the CRON feature, everything happens "in the background". You set it up once and forget about it. Additionally, you can add your own margin (markup) to protect yourself against sudden market changes or cover currency conversion costs in payments.

Why is this solution worth choosing?

Here are specific reasons why this module will make your life easier and help your business:

1. Reliable data straight from Europe You use rates published by the Bank of Latvia, which are consistent with the European Central Bank. This builds customer trust – they see your prices are "fair" and based on official sources, not made up.

2. No more manual number punching Forget about checking rates daily and manually editing them in the panel. The module does it itself, every day, flawlessly. You gain time to grow your business, not watch spreadsheets.

3. Great for EU sales If you sell to countries like Lithuania, Latvia, Estonia, or anywhere in the Eurozone, this module is essential. Your prices will be perfectly aligned with the local market.

4. Accurate conversions (even without Euro) Even if you don't sell in Euros, using it as a reference point (an anchor) allows you to get very accurate rates for other global currencies. It's simply a mathematically better solution.

5. You earn more thanks to the margin The module allows you to add, for example, 2% to the exchange rate. Thanks to this, when a customer pays in another currency, you have a "safety cushion" that covers PayPal or bank commissions. You protect your profit.

6. No worries about holidays When banks are closed, the module knows it and simply doesn't force an update (because there are no new rates). It leaves the last known, correct rates. Thanks to this, store prices don't go crazy on weekends.

7. Doesn't slow down the store The module is written to run lightly and fast. The update takes a fraction of a second and doesn't make your store "lag" for customers. This is important for sales.

8. You know what's happening In the module's history, you can always check when rates were last downloaded and what they were. This is useful if you ever need to check something for accounting or explain to a customer.

9. Works even with minor glitches If the Bank of Latvia had a temporary data outage for some exotic currency, the module won't crash. It will update what it can and leave the rest unchanged. Your store keeps running smoothly.

10. Free data source = savings Unlike paid currency rate services, data from the Bank of Latvia is available for free. You buy the module once and don't pay any monthly subscriptions for access to rates later.