- Short answer
- No — Shopify leaves 20 volatile currencies, BRL and MXN among them, off by default; to activate one, give its country its own market.
- Risk on refunds
- Refunds needing conversion use the current rate, not the order's; a manual rate doesn't change that
- Payment provider
- Shopify Payments or Adyen; other providers charge your store's default currency
- Where to turn one on
- Markets > the country's own market > Currency
- Conversion fee
- Shopify Payments: 1.5% US-based stores, 2% other regions; in the price (Dynamic) or payouts (Manual)
Which currencies does Shopify leave off by default?
Shopify's volatile-currencies page, read October 30, 2026, lists 20 it doesn't activate by default: AOA, HTG, SRD, SCR, ZMW, BRL, MXN, LRD, LSL, SZL, ZAR, NAD, MZN, COP, RUB, ARS, NOK, TRY, GEL and CLP. Shopify gives the reason itself:
Shopify doesn't automatically activate currencies that are determined to be volatile in nature. Volatile currencies can fluctuate frequently, and as a result, you might gain or lose large amounts of money on returns or exchanges.
What risk comes with selling in a volatile currency?
Refunds go back in the currency the customer paid. If one needs converting, Shopify uses the current rate, not the order's, and the two often differ, so the difference is your gain or loss.
A manual exchange rate doesn't remove that risk: with one, Shopify says refunds are still calculated using the current currency rate.
How do you turn on BRL, MXN or another volatile currency?
Create a market specifically for each such country, Shopify's volatile-currencies page says. A single-country market's currency is automatically set to the local one, per Shopify's local-currencies page — so open Markets, click that market and confirm its currency; if it isn't listed, click + next to Currency and select it.
- Markets
- The country's own market
- Currency
Then choose the rate: Dynamic converts at the current market rate and includes the conversion fee in the price shown; with Manual, the fee shows in your payouts, and the limitations page says manual rates require Shopify Payments.
With Shopify Payments, the fee is 1.5% for stores whose primary country is the United States and 2% in other Shopify Payments regions. More on currencies, pricing and payouts per market.
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