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How Does Floating Exchange Mode Work?
How Does Floating Exchange Mode Work?
Updated over a week ago

In contrast to the fixed exchange mode, floating exchange rates are not set or maintained by Breet. Instead, the exchange rate between two currencies is determined by market forces and is subject to constant fluctuations based on various factors.

You will not be guaranteed a fixed exchange rate when you initiate a floating exchange transaction. Instead, we will use the prevailing market rate to determine the exchange rate for your transaction at the time it is executed (when your deposit is received). This means that you may receive more or less than you originally anticipated.

Also, floating exchange transactions do not have countdown timers or durations; they can be executed at any time, but you will always get the rate when it is executed. And the sooner you send a deposit, the higher the chance of receiving the expected amount.

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