Exchange Rates Explained

Introduction

This article briefly explains how the exchange rates work at Zero Latency.

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On this page:

  Currencies

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Currencies

Zero Latency invoices in four currencies:

• USD
• EUR
• GBP
• CAD
• AUD
• JPY
• USDT - USD-tethered crypto stable coin, these are for milestone payments only (Speak to the sales team at time of onboarding for more information).
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These are agreed to as part of the Customer Agreement. 

Zero Latency uses xe as its source of live FX rates. When calculating the exchange rate to charge against, Zero Latency selects the midmarket value and does not buffer this value to the expected retail rate.

Depending on what service you use to effect the payment, you will likely be charged a retail rate on the day you pay it. Therefore, the actual funds paid by you may be higher or lower than what you expected to meet the same obligation in the invoice currency. Ensure you select a reputable financial institution to transact with to avoid increased FX buffering.

Should you wish to change invoice currencies to one of the other currencies that Zero Latency works with, you can apply by contacting the Finance team. Depending on our operational situation, we may approve the modification your invoice currency, but this is not guaranteed.

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Article Keywords/Phrases: 

Exchange rates
Currency
AUD
USD
EUR
JPY