How exchange rates work and how CrossPay gets you competitive rates.
An exchange rate is the price of one currency in terms of another. For example, if 1 USD = ₦1,600, then ₦1,600 buys you 1 US Dollar.
We source rates from multiple liquidity providers and apply a small spread (typically 1%) to cover our costs. This spread is included in the rate you see — no additional surprises.
When you get a quote, we lock the rate for 5 minutes. This protects you from market fluctuations while you complete your transfer.
Set up rate alerts to be notified when your target rate is reached. Go to any converter page and click "Set Rate Alert".
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