Google is introducing Buyer’s Currency for the Android Market which means that no longer your bank will be automatically converting currency upon purchases from the Market but developers have the possibility of tagging their applications in several currencies.

Applications will be offered in the buyer’s home currency, rather than the merchant’s or developer’s home currency, a feature which Google will be rolling out in stages, one country at a time. Developers will need to log in the Developer Console and set prices for apps in all available currencies. Currently only US merchants are able to set prices in EUR, CAD, CHF, DKK, GBP, NOK and SEK currencies.

US merchants need to set the prices for the applications in foreign currencies manually or else Google will automatically set them on February 23, 2011, using the daily exchange rate at that moment. Prices previously set manually will not be overridden.

Source: Google

Via: Android Police