2CO receives quoted rates from its currency partner once a day. These rates are based on inter-bank rates (only available to the largest international banks purchasing currencies in quantities of $1million USD or more) and include a calculated value of the costs of hedging, currency conversions and foreign exchange activities needed to guarantee the rates throughout the life cycle of the transaction. These guaranteed rates are used to calculate the USD settlements as well as refunds and exchanges.
How does 2CO determine the foreign exchange rate used for currency conversion?
December 30th, 2006, by: knowledgebaseYou need to login before leaving a comment If you do not have an account, you can register one here.
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Can one see the rates anywhere?
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erum – At this time we do not publish these rates. I will add you to our developers request for a feature to view the rates but just for reference, you may want to read
How does 2CO determine the foreign exchange rate used for currency conversion? and Why are these rates different from the rates I see in the newspaper?