Import of Foreign Exchange Rates
Connecting the world to your finances
Organizational Customization
Support for complex organizational structures – including multiple companies, branches, and currencies – enables each entity within the organization to work with relevant and up-to-date rates according to its needs.
Easy and Fast Integration
The system supports seamless integration with existing ERP and financial systems, with no need for complex development – allowing you to start benefiting from the service in a short time.
Real-Time Rate Updates
Receiving up-to-date foreign exchange rates automatically from official sources ensures accurate calculations, reliable report generation, and the elimination of manual entry or human error.
Process Optimization
Automating the process of updating foreign exchange rates saves time, reduces errors, and improves accuracy in pricing, tax calculations, international payments, and accounting.
The Global Edge
Global Bank Data
Seamless integration with data from global and local banks and financial institutions, providing updated and accurate information in real time.
Trade Bank Data
Combines data from commercial sources and ensures high accuracy, including information from active financial markets.
Exchange Rate Aggregation with Cross-Rates
The service performs cross-rate calculations between different sources, enabling reliability and data accuracy.
Multiple Metrics to Choose From
Allows the use of various exchange rate types, volatility indices, and customized formulas to meet the organization’s operational needs.
Typical Use Cases
Generating comprehensive financial reports including real-time data on exchange rates.
Accurate calculation of currency conversions for international business operations.
Managing cash flow forecasts based on regularly updated exchange rates.
Auditing data to improve compliance with international financial regulations.
״בנקאות פתוחה מביאה עמה מהפכה לעולם הפיננסים, המעצימה את הלקוחות ואת הפעולה של המערכת הפיננסית כולה״
Frequently Asked Questions
Which data sources are included in the imported data?
Meteor’s service integrates data from central banks, commercial banks, global currency indices, and stock exchanges, performing cross-checks between sources to ensure maximum accuracy.
How is the connection between the foreign exchange rate import service and the ERP system made?
The service includes direct and fast integration with various ERP systems through custom formats (such as API, CSV, XML), without the need for significant changes to the existing system.
Does the service provide real-time data?
Absolutely. The service updates in real time, ensuring that all your transactions and calculations are based on current and relevant exchange rates.
Can the service be customized to the needs of my organization?
Yes, the service is flexible and fully customizable. You can choose which indices and exchange rates to include, from which sources to pull the data, and what format suits your needs.
How does the service support compliance with financial regulations?
The service includes complete and automatic documentation of exchange rates, enabling compliance with international audit standards, generating customized reports for financial audits, and full transparency for regulators.
