What is the XDR exchange rate
While we are not offering to exchange traditional (or "fiat") currencies into XDR at this point, you can easily track the value of your XDR against any major currency. IMF publishes daily valuation
at noon London time, while quote dissemination services such as Bloomberg and Reuters publish real-time XDR exchange rates.
There is no established market for BTC/XDR, therefore we will exchange your BTC into XDR using the rate derived by exchanging Bitcoin into the five constituent currencies. At the bottom of Fiapay's menu, you will see an indicative BTC/XDR exchange rate, which is based on the actual VWAP
exchange rate during the past 24 hours. Please treat it with caution, as an indication only.
Prior to any deposit, we will show you how much XDR will be credited to your account for any amount of BTC actually deposited (minus blockchain fees and our commission), provided such amount is paid immediately. The actual amount of XDR you will receive in your account may and, often will, differ, as the exchange rate is likely to move between the time your payor sends you BTC and the time such BTC is received by us and confirmed by blockchain.
If you request to withdraw BTC from your account, we will show you the exact amount of XDR you will be charged, and the exact amount of BTC that will be credited to the destination BTC address.