The pricing policy tool allows you to generate prices in different currencies automatically using a custom template. Unlike the dynamic pricing policy, which converts the reference price by rounding, the pricing policy allows you to create a 100% custom template that you can use over and over again.
When creating a pricing policy you have to provide the following information:
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The name of the policy
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The reference amount (amount and currency)
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Prices to be generated by territory and currency
Once completed, click on Save.
To apply this pricing policy, go to Metadata > Sales and click the Apply Policy button.
Example
You have several publications with a selling price of $14.99 CAD and you want to create a template so that the prices are automatically generated.
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Name: Title at $14.99
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Reference amount: $14.99 CAD
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Prices to be generated
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Canada: $14.99
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Europe: €11.99
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Switzerland: CHF 11.00
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Rest of the world: $14.99 USD
You'll now be able to apply this pricing policy whenever you have a publication at $14.99 CAD.