Fluentax Exchange Rates API
The Fluentax Exchange Rates API Connector simplifies global financial compliance, integrating with 92 leading central banks and tax authorities (Saudi Central Bank, ECB, RBA, CBN) across 9 regions and 130 countries. It provides real-time and historical exchange rates for VAT/GST compliance, multi-currency invoicing, and financial reporting — with secure API access, automated conversion, and real-time fluctuation alerts.
Integration Overview
This documentation outlines the integration process for the Fluentax Exchange Rates API Connector — retrieving real-time and historical exchange rates, configuring API access, and leveraging automated currency conversion.
- Exchange Rate Retrieval. Retrieves exchange rates (daily, weekly, biweekly, monthly) from multiple banks for various currencies.
- Currency Conversion. Performs conversions for VAT/GST-compliant invoicing and accounting.
- Real-Time Notifications. Delivers updates on currency fluctuations via webhooks.
Detailed Integration Documentation
Exchange Rate Retrieval
| Purpose | Retrieves real-time and historical exchange rates for financial reporting, auditing, and multi-currency invoicing. |
|---|---|
| Input details | Currency Pair: e.g. USD/EUR, AED/SAR. Bank: the institution to source the rate from (Saudi Central Bank, Central Bank of the UAE, and others). Date Range: optional, for historical rates. |
| Authentication | Requires API credentials and an API key specific to the country and bank. |
| Output | Success: the exchange rate for the specified pair and bank, including the rate’s date. Failure: an error describing the issue (e.g. invalid currency pair, unsupported bank). |
| Workflow example | Configure credentials, then GET the rate for a currency pair from a specified bank. |
Currency Conversion
| Purpose | Performs automated conversions for accurate multi-currency invoicing, accounting, and tax compliance. |
|---|---|
| Input details | Amount: amount in the source currency. From / To Currency: source and target. Bank: which bank’s rate to use for the conversion. |
| Output | Success: the converted amount based on the real-time rate. Failure: an error (e.g. invalid input, unsupported currencies). |
| Workflow example | Use the conversion endpoint with amount, from, to, and bank to obtain the converted value for an invoice. |
Real-Time Notifications
| Purpose | Receive real-time updates on currency fluctuations via webhooks. |
|---|---|
| Configuration | Set up a webhook to receive notifications whenever exchange rates change for a specified currency pair or bank. |
| Output | Real-time updates on changes in the exchange rate for the specified pair. |
| Workflow example | Register a webhook endpoint, then process incoming fluctuation notifications in your system. |
Integration Setup & Benefits
| Authentication | API credentials and a country/bank-specific API key are required; configure secure storage and transmission (HTTPS). |
|---|---|
| Rate limiting | Monitor usage to avoid limits and handle retries appropriately. |
| Benefits | VAT/GST-compliant invoicing; real-time and accurate conversion; global coverage (92 banks, 9 regions, 130 countries); seamless integration into invoicing/accounting/reporting; instant webhook updates. |
Use Case
Unlock seamless currency conversion with the Fluentax Exchange Rates API Connector, designed to simplify global financial compliance. Integrating with 92 central banks and tax authorities across 9 regions and 130 countries (Europe, GCC, MENA, APAC, LATAM), it delivers real-time and historical exchange rates for VAT/GST compliance, multi-currency invoicing, and financial reporting — with encrypted API access, automated conversion workflows, and real-time fluctuation alerts, on daily, biweekly, weekly, and monthly bases.
For technical support, contact custom-connectors-support@isolutions.sa.