Create Currency Exchange

Prerequisites

Before you begin, ensure you have:

Access Requirements

Valid credentials for the Localpayment Dashboard
User account with security settings permissions

Additional Requirements

Sufficient balance in the source account
Active account numbers for both source and destination currencies.

Navigation Path

Side Menu → Settlement & Exchange → Currency Exchange → Create

Step-by-Step Guide

Navigate to the Settlement & Exchange module from the main dashboard.
Select the Currency Exchange section to access FX operations.
Click on the Create button to initiate a new exchange.
Choose the source Country from the dropdown list.
Click the Convert button of the source account.
Select the Destination Account where the converted funds will be deposited.
Enter either the Transaction Amount (amount to convert) or the Received Amount (amount you want to receive).

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There is a limited time to complete the transaction (shown in the countdown timer). If you exceed this time, you must request a new quote as exchange rates may have changed.

Assign an External ID for your internal tracking and reference purposes.
Click the Continue button to proceed. A confirmation code will be sent to your registered email address.
Enter the confirmation code in the designated field and click the Convert button to execute the currency exchange. A success message will confirm the transaction completion.

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Step 1

Navigate to the Settlement & Exchange module from the main dashboard.

Important Considerations

Exchange Rates

Rates are updated in real-time.
Quotes are valid for a limited time.

Need Help? If you have questions about this process or any other feature, our support team is here for you. We can assist with troubleshooting, integration planning, and optimization.