Currency Converter

Modified on Tue, 21 Feb 2023 at 03:20 PM

To attract global guests and improve their experience with your booking engine, the booking engine has a currency converter to give more informed data on rates.

Where do I find the currency converter?

  1. Click on the Channel Manager module and navigate to the Rates & Availability tab. 

  1. Under the Rates & Availability tab click on the drop down arrow in the currency section to select your preferred currency. 

Currency Converter on the Booking Engine. 

  1. Click on the Booking Engine Tab on the left of the screen.

  1. Under the BE Set Up tab scroll down and click on Check availability. 

  1. At the top right of your booking engine page change the currency.

How accurate is RoomRaccoon forex data, and where does it come from?

  • Our spot exchange rates are sourced from a very broad base of commercial sources and banks around the world, each of varying types and frequencies. 

  • The larger weighting particularly for major currencies is towards commercial sources as they more accurately reflect the trading occurring in the markets.

  • In order to ensure the highest possible level of data coverage and accuracy, RoomRaccoon system relies on a very distinct “validation and fallback” algorithm, assigning different priorities to each data source and validating each forex rate as it enters our databases. 

  • If a source fails to deliver an accurate quote, the next highest provider is queried for this particular currency pair. This enables us to sort out possible inaccuracies and provide the vast majority of all spot exchange rates with a precision of six decimal places.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article