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Foreign exchange (FX) allows you to convert funds between currencies within Treasury. FX is used when you need to:
  • Fund payouts in a different currency
  • Manage multi-currency balances
  • Move value between accounts

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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
This ensures that currency movements are fully tracked and reflected in your balances.

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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
FX allows you to operate across currencies without needing to pre-fund every currency.

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Performing a conversion

To convert funds:
  1. Select the sell currency (the currency you are converting from)
  2. Select the buy currency (the currency you are converting to)
  3. Specify the amount to convert
  4. Execute the conversion
The system will apply an FX rate and complete the transaction.

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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

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FX transactions

Each conversion creates transactions in your ledger.
  • A credit from the sell currency account
  • A debit to the buy currency account
This ensures that balances remain accurate and auditable.

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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
Converted funds can be used once they become available.

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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

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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

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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

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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
Last modified on March 29, 2026