Basket Settings: Localisation

The Default Display Currency lets you set which currency will be selected by default when a customer visits your store (please note, this does not alter your Store Currency as set in the Settings > Store Settings section of the control panel - it simply displays your prices in the chosen currency).

The Default Checkout Country/State allows you to set which country will be initially selected during checkout, and it will also be used by the Postage/Tax Estimator system in order to provide accurate postage and tax estimates on the first page of the basket on your store. For further information, please see the "Postage/Tax Estimator" panel in the Settings > Basket Settings section.
Basket Settings: Localisation