What is a floating exchange rate?

A floating exchange rate is a rate that is updated in real-time and can change during the exchange process. This rate is formed based on data from several liquidity providers and reflects the current market situation.

Why can the floating exchange rate change during the exchange?

The floating exchange rate can change for a number of reasons:

• market volatility (the movement of the asset price in real-time);
• liquidity and complexity of a specific trading pair;
• the specifics of the tools and algorithms of the providers;
• additional fees and spreads;
• possible slippage (up to ~3%).

It is also important to consider that the conditions for applying the floating exchange rate are determined by the service and may depend on internal parameters, the specifics of the chosen tool, and other technical factors.

What is a fixed exchange rate?

A fixed exchange rate is a rate that is locked for your request for a limited time. In our service, the rate is fixed for 15 minutes from the moment the request is created.
 During the fixation period, the amount to be received remains unchanged.

Can the fixed exchange rate change?

Yes, the fixed exchange rate can be recalculated in the following cases:

1. Expiration of 15 minutes allocated for payment of the request.
2. Abnormal market volatility, where maintaining the fixed price becomes impossible.

In case of high volatility, the rate is agreed upon individually during the process of receiving funds.

What happens if I do not manage to pay for the request within 15 minutes?

After the fixation period expires, the rate is recalculated based on the current market value. Before continuing the exchange, you will be able to review the updated rate and confirm the operation.

What to choose - floating or fixed exchange rate?

• Floating exchange rate is suitable if you want the most up-to-date market rate and are ready for price fluctuations.
• Fixed exchange rate is convenient if you value predictability of the final amount and protection against short-term price jumps.