Forums & Knowledge base/FAQ

How do you convert from a currency to another? Is the result accurate?

Support
posted this on July 01, 2010 15:53

One of Mopapp's nice features is the ability to show your revenues and profit in a currency of your choice, regardless of the sale's original currency. So, you could have 100 copies of an application sold on Store A in USD, 150 copies sold on Store B in EUR, and 80 copies sold on Store C in AUD. Mopapp can convert all amounts to a single currency of your choice so that it's easier to understand aggregate values.

The currencies we currently support (i.e. we can convert from and to) are: USD, EUR, GBP, CAD, JPY, AUD, INR

What's important to know is also that we do the conversion basic on the historical conversion rate between the source and destination currencies. So, if you had a sale in EUR on Jan-15-2008 and you want to see it in USD, we'll use the conversion rate between EUR and USD that was there on Jan-15-2008.

As a result, the amounts you'll see in Mopapp's reports will be much more accurate than the amounts you would get if you did sum all orders in a certain period and did a single manual conversion with today's exchange rates.