Katana automatically sources its currency exchange rates from Open Exchange Rates, a trusted provider also used by platforms like Shopify and Etsy. This ensures reliable and up-to-date conversions for your multi-currency transactions.
How currency rates work in Katana
Daily updates — Currency rates refresh once per day, so your orders always use the latest available conversion rates.
Consistency across orders — When you create a sales order (SO) or purchase order (PO), the exchange rate for that order is fixed at the time of creation. This ensures accurate reporting even if rates change later.
Financial reporting — Updated exchange rates ensure your sales, purchasing, and profitability reports reflect realistic currency values.
Why Open Exchange Rates?
Widely trusted by global platforms (e.g. Shopify, Etsy).
Provides reliable and accurate market-based exchange rates.
Supports seamless global operations by aligning your financial data with widely recognized standards.
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