The Ops Stop provides your organization with a one-stop shop full of helpful operational resources offered by the Federal Reserve Banks. For this installment of the series, we are featuring the FedGlobal® Foreign Exchange Rate Calculator, which can help you calculate foreign exchange rates for FedGlobal ACH Payments transactions.

As global business rapidly expands, the Federal Reserve Banks are keeping pace with customer demand for efficient cross-border payments. FedGlobal ACH Payments deliver a range of payment options to help meet this demand, combining convenient access with robust customer support.

As a resource to help your staff fully utilize these services, the Foreign Exchange (FX) Rate Calculator is a convenient, interactive tool for calculating amounts involved in a FedGlobal ACH Payments transaction. The calculator can provide amounts in both U.S. dollars (USD) and foreign currency and can also show the FX rate used on any origination or settlement date.

To use the calculator, follow the steps below:

  1. Select the country you would like to calculate for:
    • Canada (CAD)
    • European Union (EUR)
    • Mexico (MXN)
    • Switzerland (CHF)
    • United Kingdom (GBP)
  2. Choose the date
  3. Select a transaction type
  4. Enter your desired amount
  5. Select if you want to calculate your amount in USD or the currency of the country you have chosen
  6. Click “Calculate”

The calculator will then provide you with a page showing the FX rate and a readout of the information you have entered. Results will reflect the proper ISO® (International Organization for Standardization) currency and country codes.

For more information and to view the most current FedGlobal FX rates, visit the FedGlobal Foreign Exchange Rates page. The Foreign Exchange Rate Archive can also help you search rates within a range of dates that can go back to one year for participating countries.

Additionally, make sure to visit the International Payments Resource Center to review all of your options for making international payments. This resource center is designed to provide the background information and tools you need to use the Federal Reserve Banks’ international payments services, all in one location.

Note

“ISO” is a registered service mark of the International Organization for Standardization.