diff --git a/client/index.js b/client/index.js
index cc57f9e9905..95d360a9810 100644
--- a/client/index.js
+++ b/client/index.js
@@ -14,6 +14,7 @@ import 'wp-mediaelement';
  * Internal dependencies
  */
 import 'wcpay/data';
+import 'multi-currency/data';
 import './style.scss';
 import ConnectAccountPage from 'connect-account-page';
 import DepositsPage from 'deposits';
diff --git a/includes/multi-currency/client/components/preview-modal/index.js b/includes/multi-currency/client/components/preview-modal/index.js
index 60d4fac0a13..0eacb8dc05f 100644
--- a/includes/multi-currency/client/components/preview-modal/index.js
+++ b/includes/multi-currency/client/components/preview-modal/index.js
@@ -3,7 +3,7 @@
  */
 import { Modal } from '@wordpress/components';
 import { __ } from '@wordpress/i18n';
-import { useStoreSettings } from 'multi-currency/data';
+import { useStoreSettings } from 'multi-currency/data/hooks';
 
 /**
  * Internal dependencies
diff --git a/includes/multi-currency/client/interface/data.js b/includes/multi-currency/client/interface/data.js
index 6f295aac9c7..0a48415a4e6 100644
--- a/includes/multi-currency/client/interface/data.js
+++ b/includes/multi-currency/client/interface/data.js
@@ -8,4 +8,4 @@ export { useSettings, useMultiCurrency } from 'wcpay/data/settings/hooks';
 /**
  * Dependencies from MCCY to WooPayments.
  */
-export { useCurrencies, useEnabledCurrencies } from 'multi-currency/data';
+export { useCurrencies, useEnabledCurrencies } from 'multi-currency/data/hooks';
diff --git a/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/index.js b/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/index.js
index 00ac75e0c6e..6bd41d0ba64 100644
--- a/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/index.js
+++ b/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/index.js
@@ -15,7 +15,7 @@ import {
 	useCurrencies,
 	useDefaultCurrency,
 	useEnabledCurrencies,
-} from 'multi-currency/data';
+} from 'multi-currency/data/hooks';
 
 import EnabledCurrenciesList from './list';
 import EnabledCurrenciesListItem from './list-item';
diff --git a/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/modal.js b/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/modal.js
index 13610e78c17..6e6c530f78b 100644
--- a/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/modal.js
+++ b/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/modal.js
@@ -13,7 +13,7 @@ import {
 	useAvailableCurrencies,
 	useEnabledCurrencies,
 	useDefaultCurrency,
-} from 'multi-currency/data';
+} from 'multi-currency/data/hooks';
 import EnabledCurrenciesModalCheckboxList from './modal-checkbox-list';
 import EnabledCurrenciesModalCheckbox from './modal-checkbox';
 import { ConfirmationModal } from 'multi-currency/interface/components';
diff --git a/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/test/index.js b/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/test/index.js
deleted file mode 100644
index fb4e89bd92c..00000000000
--- a/includes/multi-currency/client/settings/multi-currency/enabled-currencies-list/test/index.js
+++ /dev/null
@@ -1,292 +0,0 @@
-/**
- * External dependencies
- */
-import React from 'react';
-import { cleanup, fireEvent, render, screen } from '@testing-library/react';
-import userEvent from '@testing-library/user-event';
-
-/**
- * Internal dependencies
- */
-import EnabledCurrencies from '../';
-import {
-	useAvailableCurrencies,
-	useCurrencies,
-	useDefaultCurrency,
-	useEnabledCurrencies,
-} from 'multi-currency/data';
-
-import MultiCurrencySettingsContext from 'multi-currency/context';
-
-jest.mock( 'multi-currency/data', () => ( {
-	useAvailableCurrencies: jest.fn(),
-	useCurrencies: jest.fn(),
-	useDefaultCurrency: jest.fn(),
-	useEnabledCurrencies: jest.fn(),
-} ) );
-
-const availableCurrencies = {
-	USD: {
-		code: 'USD',
-		rate: 1,
-		name: 'United States (US) dollar',
-		id: 'usd',
-		is_default: true,
-		flag: '🇺🇸',
-		symbol: '$',
-	},
-	CAD: {
-		code: 'CAD',
-		rate: '1.206823',
-		name: 'Canadian dollar',
-		id: 'cad',
-		is_default: false,
-		flag: '🇨🇦',
-		symbol: '$',
-	},
-	GBP: {
-		code: 'GBP',
-		rate: '0.708099',
-		name: 'Pound sterling',
-		id: 'gbp',
-		is_default: false,
-		flag: '🇬🇧',
-		symbol: '£',
-	},
-	EUR: {
-		code: 'EUR',
-		rate: '0.826381',
-		name: 'Euro',
-		id: 'eur',
-		is_default: false,
-		flag: '🇪🇺',
-		symbol: '€',
-	},
-	AED: {
-		code: 'AED',
-		rate: '3.6732',
-		name: 'United Arab Emirates dirham',
-		id: 'aed',
-		is_default: false,
-		flag: '🇦🇪',
-		symbol: 'د.إ',
-	},
-	CDF: {
-		code: 'CDF',
-		rate: '2000',
-		name: 'Congolese franc',
-		id: 'cdf',
-		is_default: false,
-		flag: '🇨🇩',
-		symbol: 'Fr',
-	},
-	NZD: {
-		code: 'NZD',
-		rate: '1.387163',
-		name: 'New Zealand dollar',
-		id: 'nzd',
-		is_default: false,
-		flag: '🇳🇿',
-		symbol: '$',
-	},
-	DKK: {
-		code: 'DKK',
-		rate: '6.144615',
-		name: 'Danish krone',
-		id: 'dkk',
-		is_default: false,
-		flag: '🇩🇰',
-		symbol: 'DKK',
-	},
-	BIF: {
-		code: 'BIF',
-		rate: '1974',
-		name: 'Burundian franc',
-		id: 'bif',
-		is_default: false,
-		flag: '🇧🇮',
-		symbol: 'Fr',
-	},
-	CLP: {
-		code: 'CLP',
-		rate: '706.8',
-		name: 'Chilean peso',
-		id: 'clp',
-		is_default: false,
-		flag: '🇨🇱',
-		symbol: '$',
-	},
-};
-
-const enabledCurrencies = {
-	USD: {
-		code: 'USD',
-		rate: 1,
-		name: 'United States (US) dollar',
-		id: 'usd',
-		is_default: true,
-		flag: '🇺🇸',
-		symbol: '$',
-	},
-	CAD: {
-		code: 'CAD',
-		rate: '1.42',
-		name: 'Canadian dollar',
-		id: 'cad',
-		is_default: false,
-		flag: '🇨🇦',
-		symbol: '$',
-	},
-	GBP: {
-		code: 'GBP',
-		rate: '0.708099',
-		name: 'Pound sterling',
-		id: 'gbp',
-		is_default: false,
-		flag: '🇬🇧',
-		symbol: '£',
-	},
-	EUR: {
-		code: 'EUR',
-		rate: '0.826381',
-		name: 'Euro',
-		id: 'eur',
-		is_default: false,
-		flag: '🇪🇺',
-		symbol: '€',
-	},
-};
-
-const defaultCurrency = {
-	code: 'USD',
-	rate: 1,
-	name: 'United States (US) dollar',
-	id: 'usd',
-	is_default: true,
-	flag: '🇺🇸',
-	symbol: '$',
-};
-
-useCurrencies.mockReturnValue( {
-	currencies: {
-		available: availableCurrencies,
-		enabled: enabledCurrencies,
-		default: defaultCurrency,
-	},
-	isLoading: false,
-} );
-
-useAvailableCurrencies.mockReturnValue( availableCurrencies );
-
-useDefaultCurrency.mockReturnValue( defaultCurrency );
-
-useEnabledCurrencies.mockReturnValue( {
-	enabledCurrencies: enabledCurrencies,
-	submitEnabledCurrenciesUpdate: () => {},
-} );
-
-const containerContext = {
-	isSingleCurrencyScreenOpen: false,
-	currencyCodeToShowSettingsFor: null,
-	openSingleCurrencySettings: jest.fn(),
-	closeSingleCurrencySettings: jest.fn(),
-};
-
-const getContainer = () => {
-	return render(
-		<MultiCurrencySettingsContext.Provider value={ containerContext }>
-			<EnabledCurrencies />
-		</MultiCurrencySettingsContext.Provider>
-	);
-};
-
-describe( 'Multi-Currency enabled currencies list', () => {
-	beforeEach( () => {
-		jest.clearAllMocks();
-		global.wcpaySettings = { zeroDecimalCurrencies: [] };
-	} );
-
-	test( 'Enabled currencies list renders correctly', () => {
-		const { container } = getContainer();
-		expect( container ).toMatchSnapshot();
-	} );
-
-	test( 'Available currencies modal renders correctly', () => {
-		getContainer();
-		expect(
-			screen.queryByRole( 'dialog', { name: /add enabled currencies/i } )
-		).not.toBeInTheDocument();
-		fireEvent.click(
-			screen.getByRole( 'button', { name: /add\/remove currencies/i } )
-		);
-		const modal = screen.queryByRole( 'dialog', {
-			name: /add enabled currencies/i,
-		} );
-		expect( modal ).toBeInTheDocument();
-		// A different css class is generated on each run due to emotion styled div so the snapshot always fails
-		// expect( modal ).toMatchSnapshot();
-	} );
-
-	test( 'Remove currency modal doesnt render when theres no dependency', () => {
-		getContainer();
-		expect(
-			screen.queryByRole( 'dialog', { name: /remove euro/i } )
-		).not.toBeInTheDocument();
-		fireEvent.click(
-			screen.getByRole( 'button', {
-				name: /remove euro as an enabled currency/i,
-			} )
-		);
-		const modal = screen.queryByRole( 'dialog', { name: /remove euro/i } );
-		expect( modal ).not.toBeInTheDocument();
-	} );
-
-	test( 'Remove currency modal renders correctly', () => {
-		window.multiCurrencyPaymentMethodsMap = {
-			EUR: {
-				giropay: 'giropay',
-				sofort: 'Sofort',
-				sepa_debit: 'SEPA Direct Debit',
-			},
-		};
-		getContainer();
-		expect(
-			screen.queryByRole( 'dialog', { name: /remove euro/i } )
-		).not.toBeInTheDocument();
-		fireEvent.click(
-			screen.getByRole( 'button', {
-				name: /remove euro as an enabled currency/i,
-			} )
-		);
-		const modal = screen.queryByRole( 'dialog', { name: /remove euro/i } );
-		expect( modal ).toBeInTheDocument();
-		expect( modal ).toMatchSnapshot();
-		window.multiCurrencyPaymentMethodsMap = undefined;
-	} );
-
-	test( 'Modal should clear search term on cancel and update selected', () => {
-		for ( const name of [ /cancel/i, /update selected/i ] ) {
-			getContainer();
-			userEvent.click(
-				screen.getByRole( 'button', {
-					name: /add\/remove currencies/i,
-				} )
-			);
-			userEvent.type( screen.getByRole( 'textbox' ), 'dollar' );
-			userEvent.click(
-				screen.getByRole( 'button', {
-					name,
-				} )
-			);
-			userEvent.click(
-				screen.getByRole( 'button', {
-					name: /add\/remove currencies/i,
-				} )
-			);
-			expect(
-				screen.queryByDisplayValue( 'dollar' )
-			).not.toBeInTheDocument();
-			cleanup();
-		}
-	} );
-} );
diff --git a/includes/multi-currency/client/settings/multi-currency/store-settings/index.js b/includes/multi-currency/client/settings/multi-currency/store-settings/index.js
index 18972164698..28b4417175a 100644
--- a/includes/multi-currency/client/settings/multi-currency/store-settings/index.js
+++ b/includes/multi-currency/client/settings/multi-currency/store-settings/index.js
@@ -11,7 +11,7 @@ import { createInterpolateElement } from '@wordpress/element';
  */
 import './style.scss';
 
-import { useStoreSettings } from 'multi-currency/data';
+import { useStoreSettings } from 'multi-currency/data/hooks';
 import {
 	LoadableBlock,
 	SettingsSection,
diff --git a/includes/multi-currency/client/settings/multi-currency/store-settings/test/index.test.js b/includes/multi-currency/client/settings/multi-currency/store-settings/test/index.test.js
index 0aadcd7720d..8850bf428cf 100644
--- a/includes/multi-currency/client/settings/multi-currency/store-settings/test/index.test.js
+++ b/includes/multi-currency/client/settings/multi-currency/store-settings/test/index.test.js
@@ -7,7 +7,7 @@ import { render, screen, fireEvent } from '@testing-library/react';
 /**
  * Internal dependencies
  */
-import { useStoreSettings } from 'multi-currency/data';
+import { useStoreSettings } from 'multi-currency/data/hooks';
 import StoreSettings from '..';
 
 jest.mock( 'multi-currency/data', () => ( {
diff --git a/includes/multi-currency/client/settings/single-currency/index.js b/includes/multi-currency/client/settings/single-currency/index.js
index d53fe2933f2..17b29e51549 100644
--- a/includes/multi-currency/client/settings/single-currency/index.js
+++ b/includes/multi-currency/client/settings/single-currency/index.js
@@ -25,7 +25,7 @@ import {
 	useCurrencySettings,
 	useEnabledCurrencies,
 	useStoreSettings,
-} from 'multi-currency/data';
+} from 'multi-currency/data/hooks';
 import MultiCurrencySettingsContext from 'multi-currency/context';
 import {
 	LoadableBlock,
diff --git a/includes/multi-currency/client/settings/single-currency/test/index.test.js b/includes/multi-currency/client/settings/single-currency/test/index.test.js
index 0559953e54b..bcec8cd76b7 100644
--- a/includes/multi-currency/client/settings/single-currency/test/index.test.js
+++ b/includes/multi-currency/client/settings/single-currency/test/index.test.js
@@ -15,7 +15,7 @@ import {
 	useEnabledCurrencies,
 	useCurrencySettings,
 	useStoreSettings,
-} from 'multi-currency/data';
+} from 'multi-currency/data/hooks';
 
 import MultiCurrencySettingsContext from 'multi-currency/context';
 
diff --git a/includes/multi-currency/client/setup/tasks/add-currencies-task/index.js b/includes/multi-currency/client/setup/tasks/add-currencies-task/index.js
index f33fb5e95a3..2fd7ec66cfc 100644
--- a/includes/multi-currency/client/setup/tasks/add-currencies-task/index.js
+++ b/includes/multi-currency/client/setup/tasks/add-currencies-task/index.js
@@ -23,7 +23,7 @@ import {
 	useAvailableCurrencies,
 	useEnabledCurrencies,
 	useDefaultCurrency,
-} from 'multi-currency/data';
+} from 'multi-currency/data/hooks';
 
 // eslint-disable-next-line max-len
 import EnabledCurrenciesModalCheckboxList from 'multi-currency/settings/multi-currency/enabled-currencies-list/modal-checkbox-list';
diff --git a/includes/multi-currency/client/setup/tasks/add-currencies-task/test/index.test.js b/includes/multi-currency/client/setup/tasks/add-currencies-task/test/index.test.js
index 7041543dadc..fb0a9f55c92 100644
--- a/includes/multi-currency/client/setup/tasks/add-currencies-task/test/index.test.js
+++ b/includes/multi-currency/client/setup/tasks/add-currencies-task/test/index.test.js
@@ -16,7 +16,7 @@ import {
 	useAvailableCurrencies,
 	useDefaultCurrency,
 	useEnabledCurrencies,
-} from 'multi-currency/data';
+} from 'multi-currency/data/hooks';
 
 import { recommendedCurrencyCodes } from '../constants';
 import { __ } from '@wordpress/i18n';
diff --git a/includes/multi-currency/client/setup/tasks/setup-complete-task/index.js b/includes/multi-currency/client/setup/tasks/setup-complete-task/index.js
index 6c467ec3a08..255f7fff5af 100644
--- a/includes/multi-currency/client/setup/tasks/setup-complete-task/index.js
+++ b/includes/multi-currency/client/setup/tasks/setup-complete-task/index.js
@@ -18,7 +18,7 @@ import { WizardTaskContext } from 'multi-currency/interface/functions';
 
 import './index.scss';
 
-import { useDefaultCurrency } from 'multi-currency/data';
+import { useDefaultCurrency } from 'multi-currency/data/hooks';
 
 const SetupComplete = () => {
 	const { isActive } = useContext( WizardTaskContext );
diff --git a/includes/multi-currency/client/setup/tasks/store-settings-task/index.js b/includes/multi-currency/client/setup/tasks/store-settings-task/index.js
index 9a3ca8f0666..16513d05ccf 100644
--- a/includes/multi-currency/client/setup/tasks/store-settings-task/index.js
+++ b/includes/multi-currency/client/setup/tasks/store-settings-task/index.js
@@ -18,7 +18,7 @@ import { useSettings, useMultiCurrency } from 'multi-currency/interface/data';
 import PreviewModal from 'multi-currency/components/preview-modal';
 import './index.scss';
 
-import { useStoreSettings } from 'multi-currency/data';
+import { useStoreSettings } from 'multi-currency/data/hooks';
 
 const StoreSettingsTask = () => {
 	const { storeSettings, submitStoreSettingsUpdate } = useStoreSettings();
diff --git a/includes/multi-currency/client/setup/tasks/store-settings-task/test/index.test.js b/includes/multi-currency/client/setup/tasks/store-settings-task/test/index.test.js
index d80e8f8d12a..9cef2cdaff0 100644
--- a/includes/multi-currency/client/setup/tasks/store-settings-task/test/index.test.js
+++ b/includes/multi-currency/client/setup/tasks/store-settings-task/test/index.test.js
@@ -7,7 +7,7 @@ import { render, screen, fireEvent } from '@testing-library/react';
 /**
  * Internal dependencies
  */
-import { useCurrencies, useStoreSettings } from 'multi-currency/data';
+import { useCurrencies, useStoreSettings } from 'multi-currency/data/hooks';
 import { useSettings, useMultiCurrency } from 'multi-currency/interface/data';
 import { WizardTaskContext } from 'multi-currency/interface/functions';
 import StoreSettingsTask from '..';