How Are the Currency Exchange Rates Calculated?
How exchange rates are determined when converting currencies
When you exchange currencies in the Yeeld app, the exchange rates are calculated based on real-time market conditions to ensure a fair and competitive rate for all currency conversions. Here’s how these rates are determined:
- Real-Time Market Rates:
Yeeld uses live market exchange rates that reflect current market conditions. This approach ensures you always receive an up-to-date rate when converting currencies.
- Transparency of Rates:
Before confirming any currency exchange, the Yeeld app clearly displays the specific exchange rate that will be applied. For example, if you are converting USD to GBP, the rate (e.g., 1 USD = 0.8 GBP) is transparently shown on the screen, allowing you to make informed decisions.
- Associated Fees:
Any fees associated with the currency exchange are also displayed upfront before you complete the transaction. This ensures you have a full understanding of the total cost involved, eliminating any surprises.
Yeeld is committed to providing competitive exchange rates and a secure, reliable currency conversion process, making sure your money is always handled with care.