PrestaShop Hungarian National Bank (MNB) - currency exchange rates

The Currency Exchange Module offers unparalleled flexibility in managing international sales. Regardless of whether your base currency is HUF, EUR, USD, or PLN, our advanced algorithms convert rates in real-time, utilizing the most up-to-date exchange data. We guarantee conversion with mathematical precision, minimizing the risk of rate discrepancies and ensuring full price transparency for customers.

Główne zdjęcie produktu: Hungarian National Bank (MNB) - currency exchange rates
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PrestaShop MNB Official HUF Exchange Rates & Margin Management

This PrestaShop module ensures precise and reliable currency rate updates by integrating directly with the Hungarian National Bank (MNB). It automatically fetches official daily exchange rates, using the Hungarian Forint (HUF) as the pivot currency for highly accurate cross-rate calculations. Full CRON automation guarantees "set-and-forget" operation, eliminating manual errors and delays. The module intelligently handles MNB non-working days, always providing valid data. Furthermore, its built-in Margin Management feature allows strategic rate adjustments to protect profits. This solution is indispensable for businesses operating in Hungary or the Central European market, ensuring credibility and compliance with official valuation methodology.

Module version: 1.2.0
Shop versions:
9.x8.x1.7.x1.6.x
Works with ThirtyBees: Yes
Translations:
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Secure the price stability of your PrestaShop store in the Central European market with an integrator that sources official exchange rates published by the Hungarian National Bank (Magyar Nemzeti Bank - MNB).

This advanced module is an essential tool for anyone doing business with Hungary or in Forints. The application establishes a direct, authorized connection with the MNB data repository, fetching daily reference rates. The core of all currency conversions is the **Hungarian Forint (HUF)**, which is crucial for precise foreign exchange risk management in such a dynamic market environment.

The module's architecture executes an advanced and highly reliable data processing cycle:

  1. Daily Quote Verification: The system autonomously downloads the latest exchange rate table published by the MNB, intelligently skipping non-working days and Hungarian holidays (e.g., Republic Day) to always rely on current rates.

  2. Efficient Currency Mapping: The module builds an efficient, internal data structure, mapping the relationships of all international currencies against HUF, which minimizes server load during calculations.

  3. Mathematical Calculation Accuracy: Regardless of the store's default currency, the module uses HUF as the pivot currency to perform complex triangulation of cross-rates, guaranteeing compliance with the central bank's valuation methodology.

  4. Atomic Price List Update: The process concludes with a secure and consistent saving of new rates in the PrestaShop database, ensuring the integrity of prices across the entire catalog.

Thanks to full automation based on the CRON scheduler, the module operates in "set-and-forget" mode, eliminating the risk of human errors and delays. Additionally, the Margin Management (Spread Management) feature allows for strategically adjusting rates to protect profits.

Hungarian National Bank (MNB) - professional currency rates update

Strategic Benefits with Hungarian Precision

Implementing this module in your PrestaShop store translates into tangible, measurable benefits essential for effective operation in the Hungarian and international markets:

  1. Credibility on the Hungarian Market By basing your prices on official MNB rates, you gain authority and trust, which are critical in B2B relations and dealings with local tax authorities in Hungary.

  2. Automatic Margin Protection in HUF Given the historical volatility of the Forint, full CRON automation ensures that updates are instantaneous, shielding your price lists from sudden, unfavourable exchange rate changes.

  3. Ideal for Trade with Hungary (V4) The module is key for companies operating in Hungary or the V4 region. Using HUF as the anchor currency allows for obtaining the most accurate cross-rates in the region, simplifying settlements with partners from Czechia, Slovakia, or Poland.

  4. Accounting and Tax Compliance Hungarian accounting rules often require foreign currency transactions to be converted using the central bank rate on the date of the operation. The module provides this data in an auditable manner.

  5. Spread Management for Profit The margin feature allows you to strategically manipulate the rate (e.g., adding a 2.5% markup) to hedge against conversion costs imposed by commercial banks or payment processors and protect your profit margin.

  6. Data Protection Logic (Holiday Intelligence) The system recognizes MNB non-working days and safely maintains the last official quotes. Eliminating the risk of downloading outdated or zero rates ensures continuous sales operation.

  7. Performance Optimization The code is designed to run lightly and fast. The process of downloading and parsing exchange rate tables (XML/CSV) minimally burdens the server, protecting against store slowdown (low TTFB).

  8. Full Transaction Auditability Every update cycle is meticulously recorded in system logs. This provides a transparent audit trail, necessary for tax inspections and verifying the correctness of currency conversions.

  9. Currency Versatility The MNB feed provides rates for a wide range of global currencies. The module is not limited to just the Euro and Dollar but ensures precise conversions for all key currency pairs.

  10. Economy and Source Security Access to official MNB data is public. The module is a one-time investment that eliminates expensive, monthly subscriptions for commercial currency services.

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Why choose our module
Hungarian National Bank (MNB) - currency exchange rates?

Optimization and Automation

This module fully automates daily MNB exchange rate updates via CRON, optimizing price stability and reducing manual effort. It ensures efficient data processing and mapping, minimizing server load while protecting against human errors for continuous, reliable store operations.

Increased Sales

By providing official, accurate MNB exchange rates and strategic margin management, the module builds customer trust, ensures competitive pricing, and optimizes the shopping experience, directly leading to increased conversions and sales.

15 years of experience

Reflecting 15 years of PrestaShop mastery, this module offers unparalleled precision in MNB currency rate integration. Its robust, automated system, intelligent holiday handling, and optimized performance guarantee secure, auditable, and financially compliant price updates.

Extensive Customization

Our module offers extensive customization through Margin Management, allowing you to strategically adjust exchange rates with markups (e.g., 2.5%). This provides broad personalization, perfectly fitting your store's unique profit protection needs.

Open Source Code

This module grants full access to its unencrypted source code, enabling developers to freely modify, extend, and integrate its MNB exchange rate functionality with specific store requirements, ensuring complete transparency and customization.

License and Updates

This module is a one-time investment, granting a perpetual license. Updates, crucial for MNB rate compliance and CRON automation, are free for one year. Afterwards, enjoy significant discounts on renewal, ensuring continuous price stability.