Exchange Rate Averaging

With Levro’s Exchange Rate Averaging feature, you can spread out a conversion over time to reduce the variability of exchange rate fluctuations. This is best used for large periodic transfers, however can be used on any scheduled payment or conversion. To set up a payment with exchange rate averaging:Click Pay in the upper right hand corner of the dashboard.Select the Recipient and payment method.Check the box to Send on a Future Date. Pick a date at least 1 business day in the future. The payment date you select will be the date when the funds will be fully converted and sent to your recipient. If this falls on a non-business day, then the funds will be sent at market open the following business day.Enter the amount, then click to enable Exchange Rate Averaging. Enter the reason, reference & optional memo fields. Attach any necessary files.Review the payment details and click Confirm.You can review ongoing transactions with exchange rate averaging under Activities → Scheduled. To set up a conversion with exchange rate averaging:Click Convert in the upper right hand corner of the dashboard.Check the box to Send on a Future Date. Pick a date at least 1 business day in the future. The conversion date you select will be the date when the funds will be fully converted and available for use.If this falls on a non-business day, then the funds will be sent at market open the following business day.Enter the amount, then click to enable Exchange Rate Averaging. Review the conversion details & click Confirm. You can review ongoing transactions with exchange rate averaging under Activities → Scheduled. When/why should I use ERA?Exchange rate averaging can be useful in many different situations. While it is ultimately up to you to decide what makes sense for your business, we can share that customers have found value when using this feature to convert large sums of money over a period of 30-60 days. Does this work with any currency?This can be used for all support currencies, excluding INR, MYR, & PHP. Does this cost more than a normal payment or conversion?No! Levro does not charge extra for this feature. We add the same 0.25% markup to the exchange rate.What happens to the money during the scheduled time?The funds will be in your account, however we will reserve them while the transaction is ongoing. If you need to cancel the transaction at any time, please contact [email protected].