How does the currency exchange rates applies to my invoices?

When an employee's salary is paid in a local currency that differs from your invoicing currency, the payroll amounts are converted accordingly.

To ensure transparency and fairness, we use the following process for these conversions:

• Timing: The FX (exchange) rate is locked in at the exact time of invoicing.

• Rate Source: Remofirst utilizes mid-market rates, the midpoint between the buy and sell prices of two currencies, to ensure you receive a competitive and real-time conversion.

• Consistency: This rate is applied to all local payroll costs, including gross salary, employer taxes, and any additional contributions, to arrive at your final invoice total.

Payroll management and invoice generation on the platform