How to Manage Multiple Currencies in Shopify with Better Reports

Struggling to keep track of sales, fees, and profits across different currencies in your Shopify store? You are not alone.

eCommerce makes it easy to sell to customers in any country. Shopify helps by showing prices in local currencies and keeping your main financial reports in the store’s default currency. That works fine at the surface level, but as soon as you look deeper into regional performance, profit, or fees, you quickly hit limits.

You might want to:

• See how a specific country or region is performing in its own currency
• Understand true profit after currency conversion and processor fees
• Compare product pricing across markets without manual conversion
• Consolidate multiple stores and channels into one clean view

This is where native reporting usually falls short and where a reporting app becomes essential for serious multi-currency operations.

Fine-Tuned Multi-Currency Finance Data at Your Fingertips

Most multi-currency problems fall into a few repeatable patterns. Below are the key scenarios merchants run into and how better reporting solves them.

1. View Shopify Store Data in Local Currencies

By default, Shopify Analytics reports everything in your store’s primary currency. That is useful for high-level summaries, but it hides how your business really behaves in each market.

For example, you may run a US-based store that sells into the EU, UK, and APAC. Looking only at USD totals makes it hard to see:

• How much a German or Swedish customer is actually paying in EUR or SEK
• How discounts or refunds play out in local currency terms
• How taxes and local fees affect profit market by market

With a multi-currency report in Report Pundit, you can:

• Display order totals, product prices, inventory costs, taxes, and fees directly in the local currency
• Keep your main reporting currency (for example USD) alongside the local currency
• Break down results by country, region, or store to understand customer behavior per market

Instead of mentally converting every line, you see local performance exactly as your customers experience it.

2. Add Third-Party App Data in Multiple Currencies

Many merchants use external payment gateways like PayPal, Stripe, or local processors instead of, or in addition to, Shopify Payments. The problem is that each provider handles currency and payouts differently, which makes clean reporting difficult.

With standard Shopify reports you might:

• See payouts only in your default currency
• Struggle to match gateway statements with Shopify orders
• Lose track of PayPal or other gateway fees in each local currency

Using Report Pundit, you can pull third-party app data into custom reports that show:

• Payouts and fees per gateway and currency
• Local currency values alongside converted store currency
• Gateway-specific fields (for example PayPal reference numbers) joined to Shopify orders

This gives you a single view where Shopify data and third-party payment data line up properly, in the currencies that actually matter.

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3. See the Exchange Rate Used for Each Transaction

Manually setting or managing exchange rates is a powerful way to control pricing in each market. It helps you:

• Avoid sudden price jumps when rates fluctuate
• Keep a stable, trusted price point in local currencies
• Protect your margins in markets with volatile exchange rates

The downside is that, without proper reporting, you often lose track of which rate was applied to which order. That makes reconciliation, auditing, and profit analysis much harder.

Multi-currency reports in Report Pundit can:

• Show default currency amount, local currency amount, and the exact exchange rate used
• Help you trace how a local price was derived from your base price
• Reveal whether specific rates or regions are eroding margins more than others

Instead of guessing which conversion rule applied to a transaction, you see the exact rate alongside the order.

4. Compare Performance Across Multiple Currencies

If you sell the same product in multiple markets, you eventually want to ask questions like:

• “Are we too cheap in this country?”
• “Is our margin better in market A or market B?”
• “Does our pricing logic still hold up after fees and taxes?”

These are hard questions to answer if all of your data is flattened into a single currency.

With a multi-currency product or pricing report, you can:

• Show product prices, discounts, and realized revenue side by side for multiple currencies
• Compare how the same SKU performs in different markets without manually converting values
• Analyze whether your pricing strategy makes sense when seen at a global level

With external reporting apps, however, you can modify an existing report to show all your listed currencies, or even create a fresh one for the job. Check out this example below of a Report Pundit custom report displaying product prices across currencies. 

5. Consolidate Multi-Store and Multi-Channel Currency Data

As your brand grows, you may end up with:

• Multiple Shopify stores for different regions
• Separate sites for wholesale and retail
• Additional channels like marketplaces or point-of-sale locations

Each of these can run on different default currencies, which quickly turns reporting into a spreadsheet nightmare.

With consolidated multi-store multi-currency reporting you can:

• Connect several Shopify stores into a single Report Pundit account
• View sales, refunds, taxes, and fees for all stores in one master report
• See each store’s local currency and a converted base currency (for example everything rolled up into USD)
• Filter or group by store, country, or channel while keeping currency context intact

This means you can answer questions like “What is our total revenue in Europe by local currency and also in USD?” without stitching together multiple exports.

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Summing Up: Simplify Multi-Currency Reporting with Report Pundit

Selling in multiple currencies is one of the biggest levers you have for global growth. It helps customers feel at home, smooths the buying experience, and opens up entirely new markets. But without the right reporting, multi-currency also introduces confusion, hidden fees, and muddy profit numbers.

Shopify gives you a strong starting point with automatic currency conversion and default-currency financial reports. When you need to:

• See performance in local currencies,
• Include third-party payment data,
• Track exact exchange rates,
• Compare prices and profits across markets, or
• View multiple stores and channels in one clear view by switching between stores.

you will need a dedicated reporting layer on top.

Report Pundit is built to handle that job. It lets you design multi-currency reports the way you work, include the fields Shopify does not expose in native views, and automate delivery to the tools your team already uses.

Instead of wrestling with manual conversions and scattered exports, you get a clear, consistent picture of your business in every currency you sell in, so you can make better decisions and grow with confidence.