Booking an FX conversion

Convert allows you to trade foreign currencies easily, quickly, and affordably. 

This guide walks through the steps required to book an FX conversion using Web App.

1. Navigate to Conversions in the sidebar

Booking an FX conversion takes place on the Conversions page in Web App. Navigate to this page in the sidebar on the left of the screen to begin this process.

 

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2. Select Sell and Buy currencies

Clicking the Buy and Sell currencies will present a dropdown menu showing a list of available currencies. Selecting a currency will show what funds are available for the conversion.



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3. Enter the volume of funds to be converted

Clicking on either the Sell or Buy amount will let you edit this field. Editing one of these values will automatically update the opposite value to show the final Sell and Buy amount.



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4. Select a Settlement date

There are two options available for selecting a date that your conversion will be settled.

 

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  1. Spot - Converted as soon as possible, locking in the rate available when booked.

  2. Set - Select a date to convert in the future, locking in the rate available when booked. This can be used to manage future cash flows.

 

5. Review and confirm transaction

Clicking Confirm conversion will present an overview of the trade, giving you an opportunity to review before booking. This overview shows both Buy and Sell values, in addition to the applicable rates and Settlement date.

 

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Once you have reviewed the conversion, check the agreement box at the bottom of the page and click Confirm conversion.

 

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6. Booking confirmation

A confirmation screen will be shown once the conversion has been successfully booked. Here you can review the details of the conversion, including the final cost of the transaction.

 

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You will also be shown the Bank transfer information required to fund the transaction. Note that this section is only applicable if you do not have the required funds already in your wallet.

 

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You will also receive an email confirmation that the conversion has been successfully booked.

Depending on the currency pairing, the transaction should clear within 2 business days.

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