Employees receive payment in the currency specified in their employment agreement. If the salary (or any other items on your invoice) differs from your preferred billing currency, we convert that amount using the Remote FX rate.
The Remote FX rate may fluctuate over time and between currency pairs. The rate reflects risks linked to holding assets and liabilities in multiple currencies, Remote’s operating costs, and market benchmarks. The Remote FX rate is competitive when compared with other EOR and payroll providers.
Your invoice will display charges in your selected billing currency. The Remote FX rate applied to each line item will be shown in the invoice breakdown on our platform every month.