FX Transactions
📌 What is an FX Transaction?
In HelloMe, an FX Transaction (Foreign Exchange Transaction) is when money is converted from one currency to another. This is needed when a sender wants to pay or transfer money to someone in a different country or currency.
Example:
- A user has money in GBP (British Pounds).
- They want to send money to someone who needs NGN (Nigerian Naira).
- The system swaps GBP to NGN at the correct exchange rate.
- The converted money is then sent to the receiver.
✅ How is an FX Transaction different?
| Type | Purpose | Currency | Example |
|---|---|---|---|
| Normal Banking Transaction | Just moves money | Same currency | Send £100 to a friend in the UK |
| Remitter Transaction | Sender sends money to a beneficiary | May include FX | Send £100 GBP to a family member in Nigeria (GBP → NGN) |
| FX Transaction | Swaps one currency for another | Different currencies | Change £100 GBP to USD for international payout |
Key difference:
- A normal transaction just moves money.
- An FX transaction changes money so the receiver gets the right currency.
- A remitter transaction is about who is sending and receiving.
📋 Search Filters
The FX Transactions page includes search filters to help you find specific transactions:
- Provider: Select the payment provider.
- Remitter ID: Enter the ID of the sender.
- Reference #: Search by transaction reference.
- Classification: Filter by transaction type/class.
- Currency: Filter by base currency.
- Transaction ID: Search by transaction ID.
- Sender Name: Enter the sender’s name.
- Receiver Name: Enter the receiver’s name.
- Type: Choose Debit or Credit.
- Date From / Date To: Filter by date range.
Click Apply to search or Reset to clear filters.
📊 FX Transactions Table — Column Details
| Field | Description |
|---|---|
| Date | Date and time when the FX transaction was created. |
| Transaction | Unique reference number for the FX transaction. |
| Sender | Name of the person or business sending the money. |
| Receiver | Name of the person or business receiving the money. |
| Currency Pair | Shows which two currencies are involved (e.g., GBP/USD). |
| BB (Base Balance) | The amount in the base currency before the transaction. |
| Debit | The amount taken out from the base currency for the swap. |
| Credit | The amount added in the new currency after conversion. |
| BA (Balance Amount) | The new balance in the base currency after the transaction. |
| Currency | The base currency used for this transaction. |
| Type | Shows if the record is a Debit (money taken) or Credit (money received). |
| KYC | Shows if the Know Your Customer (KYC) verification is complete. |
| Last Error | Any error message related to the transaction (if applicable). |
| Action | Click View to see transaction details or More for extra actions. |
🧮 How it Works — Example
Example FX Transaction:
- You have £134.52 GBP (
BB). - You Debit £10 GBP.
- The system converts it to $7.33 USD (
Credit). - Your new base balance (
BA) is £124.52 GBP. Currency Pair= GBP/USDCurrency= GBP (your starting currency)
✅ Actions
- Click View to open full transaction details inclujding the APi Logs
- Click More for extra actions if available (like get status, Cancel Transaction).
In summary:
The FX Transactions sub-module shows how HelloMe safely swaps money between currencies to complete international payouts — simply and automatically.