Currency Exchange Rates

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gary
Posts: 5
Joined: Fri Jan 13, 2012 8:04 am

Currency Exchange Rates

Post by gary »

If I have two currencies that users may use is it possible to set an exchange rate between the two i.e. 1 unit of currency A buys 1.2 units of currency B?

Regards
Gary

alexandre
Posts: 862
Joined: Wed Sep 06, 2006 9:06 am

Re: Currency Exchange Rates

Post by alexandre »

HI,

Sure its possible.

You can set a transaction fee on the transfer type that pay from one currency to another.
Have a look on the admin manual.

https://communities.cyclos.org/content/ ... nsfer_fees

Regards
Alexandre Caurrinhos
Cyclos development team.

cycloshost
Posts: 578
Joined: Mon Jan 30, 2012 8:12 am
Contact:

Re: Currency Exchange Rates

Post by cycloshost »

Hi Alexandre,

we were testing this and there is a limitation of the fee percentage to 999,9999% that is 10 times more than the amount in the original currency. When you take for example the Faircoin, 1 EUR=60 FAIR so is not possible to reach that percentage. Another example would be BTC into EUR or JPY into USD...

Is it possible to get rid of this limitation?
cycloshost.com
Cyclos administration and hosting

alexandre
Posts: 862
Joined: Wed Sep 06, 2006 9:06 am

Re: Currency Exchange Rates

Post by alexandre »

OK,

It will be improved to 99999,9999% on the next version

Regards
Alexandre Caurrinhos
Cyclos development team.

MaxF
Posts: 2
Joined: Fri Jun 19, 2015 9:29 am

Re: Currency Exchange Rates

Post by MaxF »

Hello!
Please tell me how I can combine my Network in the Cyclos with other payment systems from the Cyclos, for cooperation and exchange currencies?
Please leave a link where in the portal this function?
Thank you!

avf
Posts: 23
Joined: Fri Sep 26, 2014 2:51 pm

Re: Currency Exchange Rates

Post by avf »

How can one update the transaction fee on the fly in realtime to match an exchange rate (USD->YEN for example)? Would it be possible to do that in the upgraded community version?

alexandre
Posts: 862
Joined: Wed Sep 06, 2006 9:06 am

Re: Currency Exchange Rates

Post by alexandre »

HI,

It is only possible using a custom script and a extension point for the fee calculation. But at communities instance it's not possible to use scripts.

regards
Alexandre Caurrinhos
Cyclos development team.

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