Floating rate

Instructions for setting the floating rate

Setting the direction with floating rate

• In order to enable and configure the ‘Floating Rate’ functionality go to direction settings -> ‘Rate Type’ step -> ‘Rate Calculation Type’ section -> select ‘Floating’ (you will see fields with settings).

The floating exchange rate will remain active and will continue updating as long as the application is in the "Unpaid" or "New" status. The rate will be fixed once payment is made by the client (that is, after changing the status from "Unpaid" to, for example, "Processing" or "For Payout").

Applications created before enabling the floating exchange rate will still have a fixed exchange rate (if you wish to change this, you can manually adjust it for unpaid exchanges using the instructions in "How to Set a Floating Rate for a Specific Exchange").

Exchange Rate Adjustment Settings Fields

Terms and Explanations:

• Initial Rate — the exchange rate set at the time of creating the request.

• Actual Rate — the current exchange rate displayed to the client.

• Received Rate — the rate pulled from the parser, factoring in the "Commission Percentage."

- Downward Adjustment Threshold (in %)

This value defines the minimum percentage change in the received rate compared to the actual rate that will trigger a downward adjustment of the actual exchange rate.

Algorithm:

• The system compares the current percentage change in the exchange rate with the "Downward Adjustment Threshold":

  • If the percentage drop is greater than the set threshold, the system recalculates and updates the actual exchange rate.

  • Otherwise, no adjustment occurs.

Note: There is no overall limit for downward adjustments.

BTC/USDT Example

• Set the "Threshold for downward recalculation (in percentage)" value to 0.01%.

• Current rate: 1 BTC = 10000 USDT.

• If the price decreases, the received rate becomes: 1 BTC = 9998 USDT.

• The script compares the percentage change between the actual rate and received rate: 0.02% > 0.01%, so the actual rate is recalculated.

• The client sees the updated amount with the new rate: 1 BTC = 9998 USDT.

• If the price decreases by 0.005%, the actual rate becomes 1 BTC = 9997.5001 USDT, but since 0.005% < 0.01%, the actual rate remains unchanged, and the client sees the original amount: 1 BTC = 9998 USDT.

- Upward Adjustment Threshold (in %)

This value defines the minimum percentage change in the received rate compared to the actual rate that will trigger an upward adjustment of the actual exchange rate.

- Overall Upward Deviation Limit (in %)

This value sets the maximum percentage by which the actual exchange rate can increase from the initial rate.

Algorithm for upward adjustment:

• Step 1: The system compares the current percentage change in the rate with the "Upward Adjustment Threshold":

  • If the change is less than the threshold, the system moves to Step 2.

  • If the change is greater than or equal to the threshold, no adjustment is made.

• Step 2: The system compares the current change in the rate with the "Upward Adjustment Threshold":

  • If the current percentage change exceeds the threshold, the system recalculates the rate.

  • If the change is smaller, no adjustment occurs.

Option 1

• Threshold for upward recalculation (in percentage): 10%

• Overall upward deviation limit (in percentage): 30%

• Initial rate with commission: 1:100

For example, the rate starts to rise, and the new rate from the parser with the commission becomes 1:131.

The script detects a 31% change from the original rate, checks if it exceeds the "Overall upward deviation limit," sees that 31% > 30%, and thus no recalculation occurs, and the rate remains at 1:100.

Option 2

• Threshold for upward recalculation (in percentage): 10%

• Overall upward deviation limit (in percentage): 30%

• Initial rate with commission: 1:100

The rate slightly decreases to 1:129, the script calculates a 29% change from the initial rate, checks if it exceeds the 30% overall upward deviation limit (it doesn’t), compares it to the 10% threshold for upward recalculation (it does), and recalculates the rate, setting it to 1:129.

How to set a floating rate for a specific exchange

To do this, go to the list of new exchanges and select the exchange where you can set a floating exchange rate for a specific request by clicking the button on the request.

Note! The exchange rate calculation type can only be changed for a new or unpaid exchange.

History of exchange rate changes in the request:

By clicking the chart icon, you can view the history of recalculations for this exchange with percentage adjustments.