How are ECS payments affected by currency exchange?
When there is a difference in the value of the USD at the time of reservation vs. the time of payment, the difference is applied equally to every foreign exchange (FX) transaction paid via the ECS program. If the difference is a loss, the total value of the loss is divided by the number of FX transactions. The result is then deducted for each transaction. If the opposite is true, in other words, if there is a surplus, that surplus is divided by the number of FX transactions and the result is added to each FX transaction.
