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## Resource: Introduction

## Article: Introduction

## Article Link: https://dev.wix.com/docs/api-reference/business-solutions/stores/currency-converter/introduction.md

## Article Content:

# Introduction

 

The Currencies API is used to convert from one currency to another and get exchange rates.


 Currency rates are provided by [XE](https://www.xe.com/company/) and update on a daily basis. Rates are provided together with the timestamp when they were set. By using the Currencies API you agree to XE's [Terms of Use](https://www.xe.com/en/legal/dfs.php).

 With the Currencies API you can: 

- [Retrieve a list](https://dev.wix.com/docs/api-reference/business-solutions/stores/currency-converter/list-currencies.md) of all the convertible currencies.
- [Convert amounts](https://dev.wix.com/docs/api-reference/business-solutions/stores/currency-converter/convert-currency.md) between 2 currencies.
- [Retrieve the current conversion rate](https://dev.wix.com/docs/api-reference/business-solutions/stores/currency-converter/get-conversion-rate.md) for a pair of currencies.  


## Before you begin

+ To use the Currencies API a site must be upgraded to a [Premium Plan](https://support.wix.com/en/article/upgrading-your-site-to-premium-3066683). 

+ The currency converter changes the displayed prices on a site for different currencies but doesn't change the payment currency. The payment is always made in the [currency set in a site's Dashboard](https://support.wix.com/en/article/setting-your-currency-for-accepting-payments).

+ The currency codes used must exist in the array of supported currencies returned by [List Currencies](https://dev.wix.com/docs/api-reference/business-solutions/stores/currency-converter/list-currencies.md).

## Terminology

+ **XE**. A [currency converter provider](https://www.xe.com/company/) that the Currencies API uses. 
+ **Currency code**: A 3-letter [ISO-4217](https://en.wikipedia.org/wiki/ISO_4217) code representing each currency.

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