Currency Conversion Slider
Protecting Your Margins from FX Fluctuations with the Currency Conversion Slider
Currency Conversion Slider
The currency conversion slider helps you safeguard your bookings from foreign exchange (FX) fluctuations by adding padding to an itinerary's total Sell Price.
Using the slider, you can view real-time conversions between your selected selling currency and the local currency your line items have been costed in. This allows you to adjust pricing accordingly, ensuring your margin is protected throughout the booking process from client presentation to your final margin disbursement to your agency.
How to Use the Currency Conversion Slider
1. Locate the itinerary you would like to update: Navigate to the Edit Itinerary screen.
2. Locate the Currency Conversion Slider.
3. Adjust the Slider to Add Margin: Move the slider to adjust the margin, adding a buffer against fluctuating FX rates.
4. Update: Once you’ve padded your itinerary using the currency conversion slider, select ‘Update’ to apply your adjustment.
Important Points to Remember:
- Invoices must be in one currency—you cannot invoice in multiple currencies for the same booking.
- You can only adjust the selling currency before confirming a booking.
- The currency conversion slider offers real-time rates across multiple currencies, helping you keep margins stable.
- If you didn't pad your booking for currency conversion before you confirmed the booking, you can still apply a buffer by manually updating your invoices at any time. This ensures that any unexpected shifts in exchange rates won't affect your margin.
Best Practice
When quoting for countries like Namibia or South Africa, where suppliers charge in Rand, consider adding padding via the conversion slider, especially if you plan to invoice in a different currency. This helps account for any exchange rate shifts that may occur over time.
For more information on Selling Currency options, view the Changing the Selling Currency on your Itinerary article.