> ## Documentation Index
> Fetch the complete documentation index at: https://docs.withacclaim.com/llms.txt
> Use this file to discover all available pages before exploring further.

# FX

> Convert funds between currencies and understand how foreign exchange impacts balances, transactions, and payouts.

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