Currency Conversion timing & market cut-offs

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Cut-offs may be subject to future amendments

Markets change, and Modulr and its providers' relationships also change. This data is provided for guidance only, it is kept up to date wherever possible but should not be relied on as explicit, unchanging data. Do not build business processes that run up to cut-offs that could vary in future!

Any call to the create payment or quote endpoint will always return a settlementDate element. This is the confirmed date a conversion will complete based on the time the quote/exchange is executed.

Weekends, past cut-off and public holidays

Any currency conversion after cut-offs, or where markets are closed (weekends or a public/bank holiday in either market currency) will result in settlement completing +1 day.

For example, a GBP:CHF trade at 16:30 on a Friday will settle on the following Monday. (+1 working day as after 14:30 cut-off)