> ## Documentation Index
> Fetch the complete documentation index at: https://docs.rampnow.io/llms.txt
> Use this file to discover all available pages before exploring further.

# FX Routing

> How Rampnow optimizes currency conversion for payouts, remittances and treasury operations.

Rampnow provides an optimized FX routing engine designed for cross-border payments, global payroll, remittances and treasury settlements.\
The system converts **USDC/USDT** into local currencies such as **EUR, USD, INR, PHP and IDR** using dynamic pricing and multiple liquidity paths.

<Note>
  FX routing currently supports conversions between **USDC/USDT → EUR / USD / INR / PHP / IDR**.\
  Additional currencies will be added based on payout rail expansion.
</Note>

***

## What FX Routing Does

<div style={{display:'grid', gridTemplateColumns:'1fr 1fr', gap:'1rem'}}>
  <Card title="Optimal Price Selection" icon="chart-line-up">
    Selects the best available FX source based on live liquidity.
  </Card>

  <Card title="Multi-Path Routing" icon="arrows-split-up-and-left">
    Compares banking partners, OTC providers and liquidity pools.
  </Card>

  <Card title="Fast Settlement" icon="bolt">
    Ensures conversions settle quickly to enable timely payouts.
  </Card>

  <Card title="Transparent Cost Structure" icon="file-invoice-dollar">
    No hidden fees — clear breakdown of FX rate, spread and final payout.
  </Card>
</div>

***

# How FX Routing Works

<Steps>
  <Step title="1. Stablecoin Funding" icon="coins">
    Treasury or application funds the account in **USDC or USDT** on supported blockchains.\
    Routing begins only after liquidity is confirmed on-chain.
  </Step>

  <Step title="2. Rate Discovery" icon="magnifying-glass-chart">
    Rampnow fetches quotes from multiple liquidity sources:

    * Bank FX desks
    * OTC partners
    * Regional liquidity providers
    * Internal routing tables\
      The system compares available paths and selects the best executable rate.
  </Step>

  <Step title="3. Route Execution" icon="arrows-turn-to-dots">
    Once the route is selected, Rampnow:

    * Executes the conversion
    * Locks the rate for settlement
    * Allocates local currency to the payout queue
  </Step>

  <Step title="4. Local Payout Preparation" icon="clipboard-list-check">
    Converted funds are assigned to:

    * Payroll batches
    * Vendor payments
    * Remittances
    * General treasury withdrawals\
      Rails include **IMPS, ACH/SWIFT, SEPA, PHP banks, IDR banks**.
  </Step>

  <Step title="5. Settlement & Reporting" icon="file-lines">
    Treasury teams receive:

    * FX breakdown
    * Timestamped conversion logs
    * Payout readiness confirmation
  </Step>
</Steps>

***

## FX Routing Engine Architecture

<AccordionGroup>
  <Accordion title="Primary Quote Providers" icon="hand-holding-dollar">
    Used for large or repeated conversions with predictable spread.
  </Accordion>

  <Accordion title="Secondary Liquidity Providers" icon="building-columns">
    Used for fallback routing or regional payouts (INR, PHP, IDR).
  </Accordion>

  <Accordion title="Smart Failover" icon="circle-exclamation">
    If a provider is offline or returns a stale quote, routing automatically switches to the next best available source.
  </Accordion>
</AccordionGroup>

***

## Supported FX Flows

| From (Funding) | To (Payout Currency) | Rail                  | Notes                     |
| -------------- | -------------------- | --------------------- | ------------------------- |
| USDC / USDT    | **INR**              | IMPS                  | Instant retail settlement |
| USDC / USDT    | **USD**              | ACH / SWIFT           | Same-day or T+1           |
| USDC / USDT    | **EUR**              | SEPA / SEPA Instant   | Fast EU settlement        |
| USDC / USDT    | **PHP**              | PH Banks / E-wallets  | Minutes                   |
| USDC / USDT    | **IDR**              | Domestic ID transfers | Same-day                  |

<Info>
  All FX conversions originate from USDC/USDT funding. Crypto → crypto swaps are handled through the Swap & Bridge engine, not the FX routing engine.
</Info>

***

## Rate Stability & Guarantees

<div style={{display: 'grid', gridTemplateColumns: 'repeat(3, 1fr)', gap: '1rem'}}>
  <Card title="Time-Locked Quotes" icon="clock">
    FX rates are locked for a short execution window to avoid volatility.
  </Card>

  <Card title="Low Operational Spread" icon="percent">
    Competitive spread designed for enterprise-scale payout operations.
  </Card>

  <Card title="Protected Execution" icon="umbrella">
    If a provider rejects the trade, failover routing ensures continuity.
  </Card>

  <Card title="Transparent Fees" icon="receipt">
    Clear fee structure with no hidden charges or layered intermediaries.
  </Card>
</div>

***

## When to Use FX Routing

* **Payroll** across India, US, Europe and Southeast Asia
* **Vendor payouts** in multiple local currencies
* **Remittance flows** for customers sending money home
* **Treasury rebalancing** between stablecoins and local fiat
* **Cross-border settlement** for international operations

***

<Card title="Need custom FX spreads or large-volume pricing?" icon="headset" href="https://rampnow.io/en/list#list-token-form">
  Our treasury and FX desk can configure enterprise pricing for recurring or high-volume flows.
</Card>