Supported Currencies for Conversion of Payments
Understanding Currency Conversion
Curve Royalty Systems' payment partners support a wide range of global currencies for conversion, allowing clients to facilitate payments efficiently. However, some currencies have restrictions, and availability may vary based on regulations, Brexit-related limitations, or market conditions.
Key Considerations
- Not all currencies are available to all clients. Regulatory constraints may apply depending on your location and licensing.
- Restricted currencies cannot be funded directly. They must be converted from another supported currency and can only be sold back in exceptional cases.
- Russian Ruble (RUB) transactions are currently unavailable. Due to the ongoing conflict in Ukraine, RUB transactions are not supported at this time.
- Brexit restrictions apply to certain currencies. Clients operating in the EEA under the European e-money license may have limited access to specific currencies.
Common Issues & Solutions
- Restricted Currencies: INR, IDR, MYR, and PHP can be paid out when converted from another currency, but a balance can not be held in these currencies.
- Brexit Limitations: Some currencies cannot be offered to EEA-based clients.
- Chinese Yuan (CNY) Payments: Payments must first convert from CNH before being sent in CNY.
- Regular/Local Mexican Peso (MXN) Availability: Currently closed to new customers, but clients can reach out if it’s of particular interest.
Supported Currencies
Currency |
Code |
Notes |
Australian Dollar | AUD | |
Bahrain Dinar | BHD | Brexit restriction applies |
Canadian Dollar | CAD | |
Chinese Yuan | CNH | Must be converted before CNY payments |
Czech Koruna | CZK | |
Danish Krone | DKK | |
Euro | EUR | |
Hong Kong Dollar | HKD | |
Hungarian Forint | HUF | |
Indian Rupee | INR | Restricted currency |
Indonesian Rupiah | IDR | Restricted currency |
Israeli Shekel | ILS | Brexit restriction applies |
Japanese Yen | JPY | |
Kenyan Shilling | KES | |
Kuwait Dinar | KWD | Brexit restriction applies |
Malaysian Ringgit | MYR | Restricted currency |
Mexican Peso | MXN | Local payments are closed to new customers |
New Zealand Dollar | NZD | |
Norwegian Krone | NOK | |
Omani Rial | OMR | Brexit restriction applies |
Philippine Peso | PHP | Restricted currency |
Polish Zloty | PLN | |
Qatari Rial | QAR | Brexit restriction applies |
Romanian Leu | RON | |
Russian Ruble | RUB | Currently unsupported |
Saudi Riyal | SAR | |
Singapore Dollar | SGD | |
South African Rand | ZAR | |
Swedish Krona | SEK | |
Swiss Franc | CHF | |
Thai Baht | THB | Brexit restriction applies |
Turkish Lira | TRY | |
Ugandan Shilling | UGX | Brexit restriction applies |
UK Sterling | GBP | |
United Arab Emirates Dirham | AED | |
US Dollar | USD |
Notes
- Restricted currencies (*): INR, IDR, MYR, and PHP can only be acquired through conversion and are subject to sell-back limitations.
- Brexit restrictions apply to clients under the European license, affecting BHD, CNH, ILS, KWD, OMR, QAR, THB, and UGX.
- Russian Ruble (RUB) is currently not supported due to geopolitical restrictions.
If you have any questions about currency availability or conversions, please contact your client manager or email [email protected].
We sourced this article using information provided by our financial partner. Please find the original article for more raw information.