Currency Conversion Rates

Currency rates in payment transactions refer to the exchange rate at which one currency is converted into another currency. Payment transactions often involve multiple currencies, and the exchange rate at which they are converted can greatly affect the overall cost and associated fees of the transaction.

In case of the card schemes the rates which are used are published on a daily basis and are known prior to the effective date when the affected transactions take place. With the endpoint the Silverflow platform provides acquirers with the rates of all currency pairs for all networks supported on the platform. These rates can be retrieved for the upcoming day but also the historic rates can be retrieved.

This request would return a full list of the exchange rates for all supported Visa currency pairs for Jan 1st, 2021.

Example Currency Conversion Response

This response includes information on the rates between source and target currencies and will be an array of currency pairs. It also includes the exact buy and sell rates which can be used to exactly reproduce all currency conversion operations which are being performed by the card networks.