Foreign exchange (FX) allows you to convert funds between currencies within Treasury. FX is used when you need to:Documentation Index
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- Fund payouts in a different currency
- Manage multi-currency balances
- Move value between accounts
How FX works
FX conversions move value between currency accounts.- Funds are sold from one currency account
- Funds are bought into another currency account
- The conversion is based on an FX rate at the time of execution
When FX is used
FX may occur in different scenarios:- Manual conversion — convert balances between currencies
- Before payouts — convert funds to the payout currency
- Batch payouts — a single FX rate may apply per currency pair
Performing a conversion
To convert funds:- Select the sell currency (the currency you are converting from)
- Select the buy currency (the currency you are converting to)
- Specify the amount to convert
- Execute the conversion
FX rates
Conversions are performed using an FX rate at the time of execution.- Rates may vary based on market conditions
- The converted amount is calculated at execution
- The rate determines the final amount received in the buy currency
FX transactions
Each conversion creates transactions in your ledger.- A credit from the sell currency account
- A debit to the buy currency account
Impact on balances
After a conversion:- The sell currency balance decreases
- The buy currency balance increases
- The total value is preserved based on the applied rate
FX in payouts
FX is commonly used when sending cross-border payouts.- Funds are converted into the payout currency
- In batch payouts, a single FX rate may be applied per currency pair
- Converted funds are then used to complete payouts
Tracking FX activity
You can track FX conversions in the Console. Each conversion includes:- Sell and buy currencies
- Amounts before and after conversion
- Applied FX rate
- Associated transactions
Best practices
- Convert funds before initiating payouts when possible
- Monitor FX rates if timing is important
- Ensure sufficient balance in the sell currency
- Track conversions for reconciliation and reporting
Summary
- FX allows you to convert funds between currencies
- Conversions use sell and buy currencies
- Transactions are created across accounts to reflect movement
- FX is commonly used for funding payouts and managing multi-currency balances