Introducing Dynamic Exchange Rates

Introducing Dynamic Exchange Rates, a powerful addition to OfficeRnD Flex that empowers operators to tailor billing pricing dynamically using real-time exchange rate data. When admins enable multi-currency mode for their organization, they now have the ability to manually set fixed exchange rates or update them dynamically through Open Exchange Rates. Check out our quick guide below to set up Dynamic Exchange Rates at your space.

Set-up Dynamic Exchange Rates

1. From the Admin portal navigate to Settings/Billing Rules.

2. Enable multi-currency mode (if you haven't already) and click on Add Currency.

In the Add Currency dialog:

1. Select the desired currency from the Currency drop-down menu.

2. Place a checkmark on Enable Dynamic Exchange Rates and click Add (or Update if you're changing an existing currency to Dynamic).

Outcome & Sync Behavior

Adding/updating a new currency with the dynamic update option checked will sync its exchange rate immediately after clicking the Add/Update button. The synced exchange rate will be shown in the currency grid on the Settings/Billing Settings/Billing Rules page. You can check out the full help article here if you are interested in diving into the settings further.

We’d love to get your feedback!

Let us know what you think about Dynamic Exchange Rates! We're excited to see how operators take advantage of this new functionality!