FX: Get the Latest Rates
This endpoint allows clients to retrieve the current foreign exchange (FX) rate for a specific currency pair supported by the system. It can be used to display real-time conversion rates for transactions or internal calculations
API Reference: POST /api/v1/foreign-exchange-rates/searches
Purpose
Use this endpoint when your application needs to:
- Display the current exchange rate for a specific currency pair (e.g. USD to EUR).
- Fetch a rate for informational purposes (e.g. quote generation, reporting).
- Retrieve a rate valid on a specific historical date, for reconciliation or auditing.
Terms
| Term | Description |
|---|---|
| Foreign Exchange (FX) | The process of converting one currency into another based on current market rates. FX is essential in cross-border transactions and currency conversions. |
| FX Data Source | The origin of the exchange rate data, such as a central bank, commercial market feed, or internal treasury system. The source determines the reliability and intended use of the rate. |
| Base Currency | The currency being converted from. The exchange rate tells you how much of the quote currency equals one unit of the base currency. |
| Quote Currency | The currency being converted to. In an FX rate, it represents the amount received for one unit of the base currency. |
Supported Currencies & FX Data Sources
How It Works
Updated 5 days ago