Sniffie automatically supports multiple currencies. If you need to work with multiple currencies in your local account, Sniffie’s multi-currency support is the way to go. Here’s how to do it.
Using normalized currencies in Sniffie
Open filter “Global filters”.
Go to "preferences" at the bottom.
Activate the "Normalize currency" option
If you want to use base currency, clear the above filter or deactivate the "Normalize currency" option
Frequently asked questions about Sniffie’s multi-currency support
What is the normalized currency used by Sniffie?
Sniffie’s normalized currency is the Euro (EUR). If the price has defined a currency and the currency is not EUR, Sniffie will process the currency to EUR as well using the daily exchange rate. Both original price and the normalized currency are saved.
What currencies are supported?
All currencies listed in ECB exchange rate database. Read more here https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html.
Sniffie can include support for currencies outside of the ECB exchange rate database upon a managed service account owner’s request.
Other currencies and currencies with predetermined exchanged rates are planned to be introduced in the summer 2018.
How are exchange rates determined?
Sniffie will automatically process the currency exchange rate translation during processing your sniffs. Sniffie will download the latest exchange rates from ECB every working day at 17:00 UTC. This means that sniffs processed at 16:59 UTC processed sniffs will use exchange rates that are 23 hours and 59 minutes old at the time of processing. Sniffs processed at 17:01 UTC will use exchange rate that is 1 minute old.
For the most accurate analytics, we recommend exporting data via Sniffie’s product feed and combining Sniffies timestamps with a more often updated exchange rate sources.
What happens if Sniffie fails to download the latest exchange rates?
Old exchange rates are used in the mean time. Sniffie will try to download the latest exchange rates again after a while until the new exchange rates have been updated successfully. Sniffie engineers will get an automatic notification if the exchange rate update has not succeeded by 18:00 UTC.
We have fixed exchange rates that we use in our organization. Can those be used with Sniffie?
Does Sniffie save exchange rate history?
Yes we do. It is possible to find out what exchange rate was used and when.