Managing Cross-Currency Products
Daily Exchange Rate for Cross-Currency Products
The system displays the applicable daily exchange rate for products based on your account’s base currency.
Why this matters:
If your account’s base currency differs from the product’s currency, you’ll now know the exact amount you’ll be charged before placing the order—bringing clarity and transparency to your transactions.
Example
| Parameter | Details |
|---|---|
| Customer Base Currency | USD |
| Product Name | Starbucks UK |
| Product Currency | GBP |
| Product Denomination | GBP 25 |
| Exchange Rate Date | 10-08-2025 |
| Exchange Rate Applied | 1.28 |
| Order Amount (1 Qty) | USD 32.00 |
Explanation:
If your account’s base currency is USD and you purchase a product priced at GBP 25, the system will apply the locked daily exchange rate (1.28) to calculate your cost in USD. In this case, GBP 25 × 1.28 = USD 32.00.
How this helps you:
- Accurate cost visibility before purchas
- Eliminates surprises during billin
- Ensures transparency for finance and audit teams
Daily Exchange Rate Sync
- Exchange rates are fetched from Currencylayer.
- Rates are locked daily at 12:01 AM IST (06:31 PM UTC of the previous day)
- The locked rate applies to all cross-currency orders placed until the next update.
Updated 16 days ago