The price provided may include profit, fees, costs, charges or other mark ups as determined by us in our sole discretion. We provide all-in pricing for exchange rates. The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency. Exchange rates offered by other dealers or shown at other sources by us or other dealers (including online sources) may be different from our exchange rates. You acknowledge that exchange rates for retail and commercial transactions, and for transactions effected after regular business hours and on weekends, are different from the exchange rates for large inter-bank transactions effected during the business day, as may be reported in The Wall Street Journal or elsewhere. If we assign an exchange rate to your foreign exchange transaction, that exchange rate will be determined by us in our sole discretion based upon such factors as we determine relevant, including without limitation, market conditions, exchange rates charged by other parties, our desired rate of return, market risk, credit risk and other market, economic and business factors, and is subject to change at any time without notice. The ICER file is offered in an Electronic Data File version available daily.1Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. ICER is the official source for international payment currency conversions used by the industry for pricing and ticketing. ICER provides daily updates of exchange rates (sometimes referred to as BSR) to be used when converting fares, taxes, and fees to alternate currencies of payment. The IROE is available for purchase in an Electronic Data File version delivered monthly. They are built based on the average of the five banking days ending on the 10th of each month. IATA Rates of Exchange provides monthly updates of IATA currency rates of exchange used by the industry for fare/rate construction. This alternative rate is called the Monthly Mean Rate and is used by ICH members to adjust their cargo and passenger invoices. If the calculation of a Five Day Rate (FDR) demonstrates a differential of over 10%, the ICH also produces an alternative rate by calculating the average of that currency's exchange rate for the entire month. The process developed to calculate the FDR's also contains a function to identify differentials of over 10% between one month and the next. The previous month's FDR's are used for the current month's interline billing. FDR's are used by ICH members to convert interline billing into the billing currency. The rates are expressed in USD, EUR, and GBP. They represent the average of the exchange rates for the five banking days ending on the 25th of each month. These rates are used to ensure that ICH customers are not exposed to any currency exchange risk on miscellaneous interline billings that may occur between the time an invoice is billed through the ICH and the time that it is settled. Rates for one day each period, seven days after the "advice day" that the IATA Clearing House accepts or makes payments. This annual subscription includes: Call Day Rates (CDR) Purchase IATA Clearing Services Exchange Rates > Compare the Exchange Rates now IATA Clearing Services Exchange Rates IATA Exchange Rates are the sole source to support interline billing and establish tariffs. Rules have been developed and maintained so that exchange rates are monitored against base currencies such as USD, GBP, EURO. In order to establish selling fares and to perform interline invoicing and settlement, airlines must have rates of exchange between world currencies. International air transport depends on the ability to establish tariffs, use the service of interline partners and to settle amounts due for interlining traffic in the agreed settlement currency.
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