💱 How Kapoq Handles Exchange Rates
At Kapoq, we ensure your data is accurately represented via Kapoq Preferred Currency using reliable and up-to-date exchange rates. Here's how it works:
🔗 Source of Exchange Rates
We use daily exchange rates from APILayer, a trusted financial data provider, to ensure accuracy in currency conversions.
📥 Initial Currency Conversion from Amazon
When we pull data from Amazon:
The data arrives in the marketplace’s native currency (e.g., GBP, EUR, JPY).
At the moment of data ingestion, we immediately convert it to USD using the exchange rate for that specific date.
This ensures all your base metrics are standardized in USD for consistency.
🔁 Currency Conversion to Your Preferred Currency
Once data is in USD:
Kapoq uses the exchange rate from the actual transaction date (e.g., order date, refund date) to convert the amounts to your Preferred Currency (set in your dashboard).
This dynamic conversion ensures that the currency displayed reflects the true value based on the exact date of the financial activity.
✅ Summary
Your financial data in Kapoq will always reflect:
Accurate day-specific exchange rates.
Consistent USD base values.
Real-time conversion to your Preferred Currency using the correct date-specific rates.
This means what you see in your dashboard is a precise, transparent reflection of your business—no surprises.
If you have questions about currency settings or want to adjust your Preferred Currency, feel free to reach out to our support team!