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How Are the Currency Exchange Rates Calculated?

How exchange rates are determined when converting currencies

When you exchange currencies in the Yeeld app, the exchange rates are calculated based on real-time market conditions to ensure a fair and competitive rate for all currency conversions. Here’s how these rates are determined:

Real-Time Market Rates:

Yeeld uses live market exchange rates that reflect current market conditions. This approach ensures you always receive an up-to-date rate when converting currencies.

Transparency of Rates:

Before confirming any currency exchange, the Yeeld app clearly displays the specific exchange rate that will be applied. For example, if you are converting USD to GBP, the rate (e.g., 1 USD = 0.8 GBP) is transparently shown on the screen, allowing you to make informed decisions.

Associated Fees:

Any fees associated with the currency exchange are also displayed upfront before you complete the transaction. This ensures you have a full understanding of the total cost involved, eliminating any surprises.

Yeeld is committed to providing competitive exchange rates and a secure, reliable currency conversion process, making sure your money is always handled with care.

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Yeeld's products and services are provided by Yeeld Financial Services LTD (15776510) and Yeeld Investments LTD(15775018), wholly owned subsidiaries of Yeeld Technologies LTD (14870361) registered in England and Wales with a registered office at Level 18, 40 Bank Street, Canary Wharf, London, England, E14 5NR.

Yeeld Financial Services are a co-brand of Payload Ltd, who act as a Programme Manager under Transact Payments Limited (TPL), a company which is incorporated and registered in Gibraltar with company number 108217 and registered office is at 6.20 World Trade Center, 6 Bayside Road, Gibraltar, GX11 1AA. Transact Payments Limited is a licensed electronic money institution authorised and regulated by the Gibraltar Financial Services Commission to issue electronic money and provide payment services. Your account and related payment services are provided by Transact Payments Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme, your funds will be held in one or more segregated accounts and safeguarded in line with Part 4 of the Financial Services (Electronic Money) Regulations 2020.Yeeld's cards are issued by Transact Payments Limited pursuant to licence by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Yeeld Investment Limited (FCA no: 1019161) is an appointed representative of WealthKernel Limited is authorised and regulated by the Financial Conduct Authority, no. 723719, registered in England and Wales, no. 09686970, with a registered office at 41 Luke St, London, UK, EC2A 4DP. All assets held under custody are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000. Please refer to https://www.fscs.org.uk for more information.