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Exchange Rates

General

In finance, an exchange rate or currency rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in relation to another currency.

For each organization, a list of base currencies with which it works is determined.

Tip

If the required currency is not supported by the system, the client can request its addition through the feedback form. Rate currency

This section of PayСore.io Dashboard is intended to meke you informed about current currency rates and it's Resources and manage Rate schemes.

Course calculation strategies

Definition

Currency quotation is the fixing of the national currency in a foreign.

There are two types of Strategies:

  • Direct quotation shows the amount of base currency per unit of quoted currency.

  • The reverse (indirect) quotation reflects the number of units of the quoted currency per unit of base currency.