Exchange rates are the financial heartbeat of international transactions, dictating the value of one currency in terms of another. When you send money through Comun, we use same-day exchange rates to convert your dollars into Mexican peso, so you can send money with the latest exchange rate.

Let's dive into an example to illustrate this concept. Imagine you want to send $100 to your friend in Mexico when the exchange rate is 20 pesos to the dollar. In this scenario, your friend would receive 2,000 pesos (100 dollars * 20 pesos/dollar).

Now, exchange rates can be influenced by various factors like the economy or politics. If the exchange rate changes to 18 pesos to the dollar when you send the same $100, your friend would now receive 1,800 pesos (100 dollars * 18 pesos/dollar).

This fluctuation is why even if you send the same amount on different days, the final amount your recipient in Mexico receives may vary. Don’t worry, we’ll always be transparent on what exchange rate is applied. You will be able to see it on the app when you choose how much money to send. No hidden costs or small letters.