Exchange Rate Service
Stay ahead of currency fluctuations and retain margins
The OrderWise Exchange Rate Service enables businesses trading in multiple currencies to keep on top of fluctuating exchange rates by scheduling regular updates through an automated facility, with the option to also apply these updated exchange rates to existing sales orders. This feature is provided through a direct feed between OrderWise and exchange rate service provider XE.
XE offers exchange rates to 8 decimal places for virtually all of the world’s currencies. Receiving a feed from this provider is ideal for larger companies, businesses that trade quite heavily in a range of different currencies or those that simply need more accurate and detailed exchange rates.
By using the OrderWise Exchange Rate Service, businesses can ensure both open and newly created sales orders with foreign customers are using the most current exchange rates and ensure margins are protected.