I want to set up multicurrency in Magento 2, but I don’t quite understand all the nuances yet. In the admin, I found the option to add currencies and set exchange rates, but I’m not sure how to correctly bind them to specific stores or localizations. I'm also curious about whether it's possible to automatically update exchange rates and what services are best to use for this. Are there any pitfalls that I should be aware of to avoid problems with displaying prices?
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In Magento 2, multicurrency is configured via Stores → Configuration → Currency Setup, where you can add the necessary currencies and set the exchange rates manually or automatically. It is important to correctly configure the scope of currencies for specific stores, otherwise there may be problems with displaying prices. To simplify currency management, I recommend the magento 2 currency switcher module from Amasty, which allows you to automatically determine the currency based on the user's geolocation and display prices correctly.