---
title: Configure Multicurrency Cost and Profit Calculation
description: Keep WooCommerce cost and profit accurate for orders in other currencies with multicurrency calculation and automatic rates.
url: "https://wpfactory.com/docs/configure-multicurrency-settings/"
updated: "2026-09-27"
category: How to
tags:
  - Cost of Goods
---

# Configure Multicurrency Cost and Profit Calculation

Multicurrency cost and profit calculation lets you keep accurate WooCommerce cost and profit figures when orders come in currencies other than your shop base currency. [Cost of Goods: Product Cost & Profit Calculator for WooCommerce](https://wpfactory.com/item/cost-of-goods-for-woocommerce/) converts each order's values back to your base currency using rates you set. This is a Pro feature.

![Multicurrency settings in Cost of Goods](https://wpfactory.com/wp-content/uploads/pasted-image-0-55.png)

### Before you start

- [Cost of Goods: Product Cost & Profit Calculator for WooCommerce](https://wpfactory.com/item/cost-of-goods-for-woocommerce/) Pro. The Multicurrency section is Pro-only.
- A separate currency plugin to actually charge customers in other currencies. Cost of Goods does not convert prices at checkout; it converts cost and profit for reporting.

**Key rule:** all cost and profit data is stored in the shop base currency. Always enter product costs (and any cost fields on orders) in your base currency.

### Step-by-step

1. Go to **WPFactory > Cost of Goods** (also reachable at **WooCommerce > Settings > Cost of Goods**).
2. Open the **Multicurrency** sub-tab.
3. Tick **Multi-currency management** to enable the feature.
4. In **Currencies**, select the currencies you accept, then **Save changes** so a rate field appears for each.
5. Enter the exchange rate for each currency pair, then save again.

### Options reference

| Label | Option ID | Default |
| --- | --- | --- |
| Multi-currency management (enable) | `alg_wc_cog_currencies_enabled` | `no` |
| Order values (show in order currency) | `alg_wc_cog_currencies_display_order_currency_values` | `yes` |
| Currencies (to set rates for) | `alg_wc_cog_currencies` | empty |
| Exchange rate (per pair) | `alg_wc_cog_currencies_rates[{pair}]` | `0` |

### Automatic rates

Cost of Goods can pull rates automatically from ExchangeRate-API or the CURCY plugin. See the **Compatibility** sub-tab and the [third-party compatibility reference](https://wpfactory.com/docs/cost-of-goods-for-woocommerce/).

### Ready to set this up?

This is a Pro feature of [Cost of Goods](https://wpfactory.com/item/cost-of-goods-for-woocommerce/). If you are still on the free version, upgrading unlocks multicurrency cost and profit. [Get Cost of Goods Pro](https://wpfactory.com/item/cost-of-goods-for-woocommerce/).

Related articles

- [Configure Order Cost and Profit Calculations](https://wpfactory.com/docs/configure-cost-profit/)
- [Profit Calculation Issues in WooCommerce Cost of Goods](https://wpfactory.com/docs/profit-calculation-issue/)
- [Bulk Change Prices by Cost and Profit](https://wpfactory.com/docs/bulk-change-prices-by-cost-and-profit/)
- [How to Track Cost of Goods and Profit in WooCommerce](https://wpfactory.com/docs/use-cost-of-goods-plugin2/)
- [Add Payment Gateway Costs to Order Profit](https://wpfactory.com/docs/manage-payment-gateways/)

 

[![Cost of Goods Sold (COGS): Cost & Profit Calculator for WooCommerce](https://wpfactory.com/wp-content/uploads/Cost-of-Goods-for-WooCommerce.webp)](https://wpfactory.com/item/cost-of-goods-for-woocommerce/)