How are Exchange Rates calculated on VaultN
At VaultN, we ensure that your transactions involving different currencies are handled transparently and accurately.
We calculate exchange rates using an external service called exchangerateapi, which provides reliable and up-to-date currency exchange data. This service covers 168 world currencies, ensuring broad compatibility with your business needs.
To maintain accuracy, we update exchange rates daily. This means the rate applied to your transaction reflects the most current market data available on the day of the transaction between you and your partner.
By using exchangerateapi and refreshing rates every day, we can guarantee that the currency conversion in your settlement is based on precise, independently sourced information.
If you have further questions about exchange rates or need more details on how currency conversions appear in your statements, feel free to contact our client success team.
Updated 29 days ago