Before initiating currency exchange payments on behalf of the BaaS client, we suggest checking the rate at which the currency exchange payment order will be executed. To get a specific currency exchange rate or list of different currency exchange rates you should call the Get Exchange Rates API. In the URL, you need to provide the debtor account IBAN and currency pair (more than one currency pair can be provided in the URL).
/ob/currencyexchangerate?debtoraccountiban={{debtorAccountiban}}¤cyPair={{currencyPair}}
All supported currencies are mentioned in the Get Exchange Rates API.
Please note that currency exchange rates change frequently, therefore, the actual rate at which currency exchange payment will be executed may differ. It is advised to initiate currency exchange payment order immediately after getting the FX rate, so that they will be the same.
Tip! You cannot input the FX rate into the Initiate Currency Exchange Payment API. ConnectPay picks up the last available FX rate at the time currency exchange payment is initiated on behalf of BaaS Client.