Overview
Currency Exchange allows merchants to convert one fiat currency to another within the HyperRails application. HyperRails executes fiat-to-fiat exchanges using stablecoins as the settlement layer, delivering faster execution, transparent pricing, and reliable liquidity.When to Use Currency Exchange
- Converting balances between fiat currencies
- Managing multicurrency treasury holdings
- Preparing funds for local payouts in another currency
- Reducing exposure to currency fluctuations
How a Fiat Exchange Works
1
Login
Login to your HyperRails account and head over to trade
2
Select Currencies
Choose the source fiat currency, the destination fiat currency, and enter the amount to exchange.
3
Review Rate
HyperRails displays the current exchange rate and expected payout amount.
4
Confirm Exchange
Confirm the transaction to lock the rate and begin processing.
5
Receive Funds
The exchanged fiat is credited to your HyperRails balance once completed.
Transaction Statuses
Fiat exchange transactions follow these statuses:
pending– Exchange in progresssuccessful– Funds successfully exchangedexpired– Transaction expiredinsufficient-balance– insufficient wallet balancefailed– Transaction unsuccessful
- Rates are shown before confirmation
- Final rates are locked at confirmation
- Execution depends on liquidity availability
- All exchanges are recorded for audit and reconciliation