Airwallex wants you to have confidence that you are getting the most optimal exchange rate. To achieve this, we will directly utilise the exchange rate from the settlements we receive from payment providers (e.g. card schemes or local payment methods) to convert payments you receive in a different currency to your default settlement currency.
As a result of this initiative, you may find differing exchange rates used across transactions within the same day. This happens because various payment providers use their own exchange rates and each of the providers could have a different daily cut-off time than your settlement cycle.