Convert customer receipts
When an invoice is paid in a different currency from your operating expenses, identify the amount you want to convert and the currency you need to keep.
← All servicesA rate is only
02 / Foreign exchange
A rate is only
part of the picture.
Compare the full exchange: what you pay, the rate applied, the charges deducted and what remains in the target currency.
01
Source amount
02
Rate + fees
03
Target amount
Where this service fits.
Understand the purpose before choosing the route.
Budget supplier invoices
Work backwards from the supplier’s invoice currency and amount. Include fees when estimating how much source currency to prepare.
Plan service payments
For recurring overseas service bills, keep the billing currency and due date together when requesting an exchange quote.
Prepare personal funds
Specify the currency and amount required for travel, education or family expenses, along with the intended payment destination.
From request
to next steps.
A practical sequence for preparing your request.
- 1
Set the currency pair
Tell us the currency you have and the currency you need, plus the amount and intended timing.
- 2
Read the full quote
Review the rate direction, service fees, estimated target amount and quote validity before proceeding.
- 3
Confirm settlement details
Check how funds are provided and where the converted amount should be paid. Retain the exchange record.
Costs and terms
to review.
Use these points when reviewing a quote or service proposal.
| Item to review | Fees and terms |
|---|---|
| Rate direction | A quote must state how much target currency one unit of source currency buys. The inverse rate has a different meaning. |
| Service charges | Check whether a fee is added to the payment or deducted before or after conversion. |
| Received amount | If fees are deducted in the source currency: target amount = (source amount − source-currency fees) × rate, less any target-currency deductions. |
What to prepare.
Start with these details. Additional documents depend on the service and transaction.
- Currency you hold and currency you need
- Source budget or target amount required
- Payment purpose and intended date
- Settlement destination and documents
Questions
about this service.
Does the website show a live rate?
No live market rate is published here. A transaction quote needs to identify its rate, fees and validity; an indicative market rate alone is not a confirmed transaction price.
What should I compare between quotes?
Use the same currency pair, amount and direction. Compare total source-currency cost and net target-currency proceeds, including any transfer or bank charges.