Multi-currency Account

What is a Multi-currency account?

A Multi-currency Account lets customers specify the settlement currency for each transaction.

Previously: Customers needed separate Atlas accounts for each currency, and the same email could not be used across accounts. Now: One account can handle multiple currencies, all through a single API.

Benefits:

• Flexibility & Control: Choose your preferred settlement currency per transaction, based on market condition or financial strategies.

• Cost-effective: Atlas provides local bank accounts in multiple countries, enabling faster and cost-effective payments.

Supported Currencies:

AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB*, USD, ZAR *THB is only available for top-up made using Citi.

How It Works

• Request relevant bank information from Atlas.

• Transfer funds and upload documents in ATRIP.

• Add the "currency" element in the search request with your desired settlement currency.

Account Top-up

• Select your preferred currency when making a top-up.

• Balances are displayed dynamically for each currency.

• Top-up history can be viewed by settlement currency.

Transaction Records

In Transaction Records, currency filter is available to help find transactions quickly.

Invoice Management

In Invoice Management, currency filter has also been added for easier tracking.

Invoice and Reconciliation Statements

• Invoices are generated separately for each settlement currency.

• Transaction fees and post-booking services fees are converted into the chosen settlement currency in invoices/statements.

Sample invoices and statements as per below:

Settlement Currency: CNY

Settlement Currency: USD

Emails: Invoices and Statements

Invoice and statement emails are sent separately for each currency.

Emails: Insufficient Balance

Account balance alerts are triggered when funds in a specific currency drop below the threshold.

API Update

Search Request

{
"tripType": "2",
"adultNum": 1,
"childNum": 0,
"infantNum": 0,
"fromCity": "KRK",
"toCity": "LTN",
"fromDate": "20240326",
"retDate": "20240423",
"airlines": ["W6"],
"currency": "GBP",
"displayCurrency": "PHP",
"requestSource": "Organic"
}

Notes:

• "currency" defines the settlement currency.

• By default, Atlas uses the contract currency if none is specified.

• In "Search" and the subsequent responses, the pricing as per the settlement currency will be provided in the "currency" element and the subsequent "price" element.

Transaction Fee Conversion

Transaction fees are converted to the settlement currency based on the verify response timestamp (when ticket price is quoted).