# Setting up Currencies

CommerceLab Shop must always have a default currency set, whether or not you're using the Currency Switcher Module.

#### Note

A default currency is usually set during the Setup Wizard Process, however, it important to be sure that a default currency is selected in the CommerceLab Shop backend component.

## Activating a Currency

CommerceLab Shop comes with every currency you could need to run a store anywhere in the world. All you need to do is activate the currencies you need. To activate a currency to CommerceLab Shop, follow these steps below.

## Step 1

* Navigate to the CommerceLab Shop Component and look for "Currencies" on the sidebar menu in the settings dropdown.
* This will load a currency table with all available currencies.

## Step 2

* Find the currency you wish to activate. You can find the currencies you need by either using the text search:

![](https://app.commercelab.shop/templates/yootheme/cache/currency1-2ba01d9d.png)

* Or by reordering the table:

![](https://app.commercelab.shop/templates/yootheme/cache/Screenshot_2020-10-02_at_164714-85a1fc9b-9ae25a97.png)

## Step 3

* Activate your chosen currency by clicking the "x" icon to turn it green:

![](https://app.commercelab.shop/templates/yootheme/cache/Screenshot_2020-10-02_at_192224-e0a05812-77521073.png)

## Step 3

* Now that your currency is activated, set a "rate". A rate is how the currency will convert in relation to your default currency (which is always set to rate = 1).\
  \
  So if your default currency was say, Euro and you just activated Pound Sterling, then you might want to set the "rate" of Pound Sterling to "0.91".\
  \
  (<https://www.google.com/search?q=euro+to+pound\\&oq=euro+to+pound)\\>
  \
  Now your new currency will be available in the currency switcher module.