How to Convert Between Currencies

Conversions let you exchange one currency in your account for another directly within the Orbital Client Portal.

📘
The exchange rate shown is an indicative rate and may change. The amount you sell is fixed, but the final amount you receive may differ from what is displayed on this screen upon execution

Step 1: Initiate a New Conversion

In the left-hand navigation menu, go to Treasury Solutions > Conversions
Click "Make a conversion". This will open the Conversion form.

Step 2: Fill in the Conversion Details

Specify the currencies and amounts for your exchange in the form.

Sell Currency:

Select the currency you wish to sell (e.g., EUR).
Choose the account to sell from (e.g., EUR account).
Enter the Sell Amount (e.g., 40). Alternatively, tick the Sell full account balance box to convert all funds.

Buy Currency:

Select the currency you wish to buy (e.g., GBP).
Choose the account to buy into (e.g., GBP Settlements Account).
The Buy Amount will automatically populate based on the exchange rate.

Optionally, you can add a note describing the transaction.
Once you've filled in the details, click Next.

👍
You can check the Exchange Rate section for more details on indicative vs. executable rates.

Step 3: Confirm Conversion

On the confirmation screen, carefully review all the details before you submit.

Check the "You Sell" section (currency, amount, account name) and the "You Buy" section (currency, amount, account name).
Review the final Exchange Rate displayed on the right.
If everything is correct, click "Confirm" to submit your conversion

The conversion will begin processing immediately and should be completed within one working day. The new balance will be available in the destination account.

Step 4: View Conversion History

After a conversion is submitted, you can find it under the Conversions table. You can use the Filters in the top-right corner to search by currency pair, transaction reference, or date range. This provides a clear record of all past exchanges between your accounts.

Indicative vs. Executable Rates

The Exchange Rate displayed on the right panel will be either Indicative or Executable, depending on the currencies and market conditions:

Indicative Exchange Rate: This is an indicative rate and is subject to change. Outside of trading hours, the rate cannot be guaranteed. The sell amount you enter will be fixed, but what you buy may differ from what is displayed on this screen upon execution.

Example: You initiate a conversion of 40 EUR to GBP. The screen shows an indicative rate of 1 EUR = 0.8615 GBP, suggesting you'll receive 34.46 GBP. However, if the market shifts before execution, the final GBP amount you receive might be slightly different.

Executable Exchange Rate: This is an executable rate. Confirm the transaction before the timer runs out to lock in this guaranteed rate. You will get the exact exchange rate at the moment your transaction is confirmed. The conversion will be carried out by Pay Perform OU and it will settle the Buy Currency to your account with Pay Perform LTD.

Example: You see an executable rate of 1 USDT = 0.856444 EUR with a 60-second timer. If you confirm within that minute, you are guaranteed to receive 0.856444 EUR for every 1 USDT you sell, regardless of minor market fluctuations during that window.