Convert money from one currency to another using spot FX rates and, upon success the API will return the details of the completed conversion.
If you have an FX rate (fx_rate_id) obtained previously from the Get FX Rate API, you can use it for the conversion. If no fx_rate_id is provided, the platform will use the live rate for the conversion.
Most conversions are completed within 2 minutes or less. However, since Finmo uses live rates, conversions may not occur instantly on non-trading days. In such cases, Finmo will send an FX_CONVERSION_COMPLETE webhook notification once the conversion is completed.
Currently, Finmo does not support the cancellation of FX-Conversions. The platform operates on a good funds model, always checking the balance in the source currency before proceeding. Cancellation could result in a loss due to fluctuating spot rates.