What is an exchange rate and how does it work?

Modified on Wed, 7 May at 4:08 PM

Exchange rates indicate the value of one currency in terms of another and can change based on market demand and supply conditions.


Moneybase continuously updates it foreign exchange (FX) rates with real-time data from leading, independent market sources.


You can check these rates from our currency conversion tool in the app prior to making a payment or a currency conversion.


The same rates apply for in-app currency exchanges, bank transfers as well as card payments in foreign currencies. 

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