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Rate Margins

✅ Purpose​

This feature allows administrators to create or update exchange rate margin entries — adjustments applied to the base exchange rates between sending and receiving countries/currencies. These margins affect the final rate shown to users when transferring money.

📘 Margin Definition​

Once the required fields are selected, the system will allow you to define the margin applied to the base exchange rate.

  • Margin types:
    • Percentage (e.g., +1.5%)
    • (Flat) Fixed amount (e.g., +5 NGN)

1.

🔄 Difference from Exchange Rate​

Unlike exchange rates, which are typically managed through base rate feeds or external APIs, exchange rate margins can be manually adjusted to control profitability per corridor.

🧾 Note on Buying Rate​

Margins can be applied specifically to the Buying Rate for the following categories:

  • Online Rates:

    • Agent
    • Branch
    • Customer

  • Business Rates:

    • Agent
    • Branch
    • Customer

  • Agent Rates:

    • Agent
    • Branch
    • Customer

  • Category D:

    • Agent
    • Branch
    • Customer

These margins can be:

  • Flat values (e.g., +5 NGN)
  • Percentage-based (e.g., +1.5% using % or & for percentage logic depending on implementation)

🔰 Use Case Scenarios​

  • ➕ Increase margins for high-risk or high-cost corridors
  • 🔻 Temporarily reduce margins during promotional campaigns
  • 🤝 Set unique margin profiles for different business types or partners