Employees are paid in the currency of their employment agreement. If the salary (or any other items on your invoice) is different from your preferred billing currency, we convert this amount using the Remote FX rate.
The Remote FX rate may vary over time and per currency pair. The rate takes into account the risks associated with holding assets and liabilities in different currencies, the costs incurred by Remote, and industry benchmarks. The Remote FX rate is highly competitive compared to other EOR and payroll providers.
Your invoice will show the charges in your preferred billing currency. The Remote FX rate used for each line item, will be visible on the invoice breakdown in our platform each month.