Ezekia automatically handles currency conversion to support accurate financial tracking across global assignments. This includes fees, invoices, salary figures, and other compensation data. Whether you’re working in GBP, USD, EUR, or any supported currency, Ezekia ensures that your data is consistently converted and clearly presented. Below is an overview of how exchange rates are sourced and applied.
Source of Exchange Rate Data
Exchange rates are collected every minute from a network of over 15 trusted financial institutions and market sources, including banks and financial data providers. This ensures our system uses up-to-date and reliable figures for all conversions. These rates are applied daily in Ezekia overnight to reflect the most current data.
Historical Exchange Rates
For past-dated records, Ezekia uses End-of-Day (EOD) rates:
- Each rate reflects the value of a currency at 23:59:59 GMT
- Rates become available at approximately 00:05am GMT the following day
- This standardisation ensures consistency across reports, invoices, and audits
Midpoint Exchange Rates
All conversions are based on midpoint exchange rates, which are:
- The average of the bid and ask prices at a given moment
- Fair and neutral for internal and client-facing financial reporting
What Ezekia Converts
Ezekia applies currency conversion in several key areas, including:
- Fee splits and invoice totals
- Revenue and financial reporting
- Salary and compensation fields within candidate or assignment records
- Any cross-border metrics displayed in dashboards or exports
How It Works in Billing
For billing, exchange rates are applied based on the due date and then fixed for future reporting. You can’t change the rate directly, but adjusting the due date can affect the conversion. Full details on exchange rate behaviour in billing