Daily Dynamic Exchange Rates

FLYR Hospitality supports multi-currency reporting with Daily Dynamic Exchange Rates. This option uses regularly refreshed market rates so converted revenue reflects current financial conditions.
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Source of exchange rates
Exchange rates come from a reliable third-party provider that aggregates data from reputable financial institutions and banks, including the European Central Bank.
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Frequency of updates
Rates are extracted and stored once a day at approximately 05:00 UTC+1. Allow about one additional hour for updated rates to appear across relevant parts of the platform.
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How exchange rates are applied
1. Initial booking: When a reservation is created, FLYR Hospitality applies the exchange rates available that day and stores the converted revenue values.
2. Reservation update: If the reservation is later modified, the revenue values are recalculated using the exchange rates available on the modification date.
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This keeps converted revenue aligned with the latest exchange rate applicable to the most recent reservation update.
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Available conversion currencies
With Daily Dynamic Exchange Rates, the currency selector provides these options by default:
• Group Default Currency — the group's reporting currency, used to compare properties in one consistent currency.
• EUR
• GBP
• USD
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If you need another conversion currency that is not currently available in the selector, contact us through the help chat. We can work with you to add it.
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Insights also provides Property Local Currency. This displays each property's production in the local currency defined in its PMS. Property Local Currency is specific to Insights and is not a platform-wide currency-selector option.
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Benefits
• Current reporting: Converted revenue reflects recently available market rates.
• Automatic updates: Daily processing reduces the need for manual maintenance.
• Flexibility: This option is useful where currency fluctuations materially affect reporting.
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Daily Dynamic Exchange Rates are ideal for hotels and groups that want reporting based on current market conditions. For an overview of other exchange-rate options, see Supporting Multiple Currencies in FLYR Hospitality.