Foreign Exchange (FX) Timelines
Understanding FX Timelines
Curve Royalty Systems provides foreign exchange (FX) conversion services with defined schedules to ensure timely transactions. As long as you create your conversion before the given cutoff time, the transaction will settle on the same day.
Key Considerations
- Cutoff times determine same-day settlements. Conversions made before the cutoff time for a currency will settle on the same business day.
- Cutoff time priority. When converting between two currencies, the cutoff time of the higher-ranked currency applies.
- Funding deadline extensions. After the cutoff time, you have an additional 40 minutes for major currencies and 60 minutes for others to fund the conversion.
- FX trading hours. Trading starts Sunday at 17:02 ET and closes Friday at 17:00 ET, with a 90-second daily downtime at 17:00 ET.
Common Issues & Solutions
- Missed cutoff time: If you create a conversion after the cutoff, the settlement moves to the next business day.
- FX unavailable during downtime: Rates are unavailable during the daily 90-second downtime at 17:00 ET.
- Restricted currency settlement: INR, IDR, MYR, and PHP can only be purchased via conversion and are subject to specific sell-back conditions.
FX Cutoff Times
Rank |
Currency (ISO) |
UK Cutoff Time |
Eastern Time (NYC) |
Singapore Time (SGT) |
| 1 | Chinese Yuan (CNH) | 08:00 | 04:00 | 16:00 |
| 2 | Thai Baht (THB) | 08:00 | 04:00 | 16:00 |
| 3 | Ugandan Shilling (UGX) | 08:00 | 04:00 | 16:00 |
| 4 | Australian Dollar (AUD) | 13:00 | 09:00 | 21:00 |
| 5 | Bahrain Dinar (BHD) | 13:00 | 09:00 | 21:00 |
| 6 | Hong Kong Dollar (HKD) | 13:00 | 09:00 | 21:00 |
| 7 | Israeli Shekel (ILS) | 13:00 | 09:00 | 21:00 |
| 8 | Japanese Yen (JPY) | 13:00 | 09:00 | 21:00 |
| 9 | Kenyan Shilling (KES) | 13:00 | 09:00 | 21:00 |
| 10 | Kuwait Dinar (KWD) | 13:00 | 09:00 | 21:00 |
| 11 | New Zealand Dollar (NZD) | 13:00 | 09:00 | 21:00 |
| 12 | Omani Rial (OMR) | 13:00 | 09:00 | 21:00 |
| 13 | Qatar Rial (QAR) | 13:00 | 09:00 | 21:00 |
| 14 | Saudi Riyal (SAR) | 13:00 | 09:00 | 21:00 |
| 15 | Singapore Dollar (SGD) | 13:00 | 09:00 | 21:00 |
| 16 | United Arab Emirates Dirham (AED) | 13:00 | 09:00 | 21:00 |
| 17 | Indian Rupee (INR)** | 16:30 | 12:30 | 00:30 |
| 18 | Indonesian Rupiah (IDR)** | 16:30 | 12:30 | 00:30 |
| 19 | Malaysian Ringgit (MYR)** | 16:30 | 12:30 | 00:30 |
| 20 | Philippine Peso (PHP)** | 16:30 | 12:30 | 00:30 |
| 21 | Czech Koruna (CZK) | 08:00 | 04:00 | 16:00 |
| 22 | Hungarian Forint (HUF) | 08:00 | 04:00 | 16:00 |
| 23 | Mexican Peso (MXN) | 08:00 | 04:00 | 16:00 |
| 24 | Romanian Leu (RON) | 08:00 | 04:00 | 16:00 |
| 25 | Russian Ruble (RUB)*** | 08:00 | 04:00 | 16:00 |
| 26 | Polish Zloty (PLN) | 08:30 | 04:30 | 16:30 |
| 27 | Turkish Lira (TRY) | 08:30 | 04:30 | 16:30 |
| 28 | Danish Krone (DKK) | 09:30 | 05:30 | 17:30 |
| 29 | Norwegian Krone (NOK) | 09:30 | 05:30 | 17:30 |
| 30 | South African Rand (ZAR) | 09:30 | 05:30 | 17:30 |
| 31 | Swedish Krona (SEK) | 09:30 | 05:30 | 17:30 |
| 32 | Swiss Franc (CHF) | 09:30 | 05:30 | 17:30 |
| 33 | Euro (EUR) | 13:50 | 09:50 | 21:50 |
| 34 | UK Sterling (GBP) | 14:20 | 10:20 | 22:20 |
| 35 | US Dollar (USD) | 15:50 | 11:50 | 23:50 |
| 36 | Canadian Dollar (CAD) | 16:20 | 12:20 | 00:20 |
FX Cutoff Exceptions
| Selling | Buying | Clients | UK Cutoff Time | Eastern Time | Singapore Time (SGT) |
| UK Sterling (GBP) | US Dollar (USD) | All Clients | 15:30 | 11:30 | 23:30 |
| Euro (EUR) | US Dollar (USD) | European Clients | 14:00 | 10:00 | 22:00 |
| Euro (EUR) | US Dollar (USD) | UK Clients | 15:30 | 11:30 | 23:30 |
Notes
- Restricted currencies (*): INR, IDR, MYR, and PHP must be acquired through conversion and have specific sell-back limitations.
- Russian Ruble (RUB) transactions are currently unavailable.
- UK timezone differences: During British Summer Time (BST), the UK cutoff time will differ by one hour from Coordinated Universal Time (UTC).
If you have any questions, please contact [email protected].
Source
https://support.currencycloud.com/hc/en-gb/articles/360018134019-FX-timelines
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