Ramp

## How does Ramp handle currency and exchange rates for international reimbursements?

Ramp obtains exchange rates for international reimbursements from the open exchange rate API, which provides currency conversion rates used in the reimbursement process. For international reimbursements made in local currency, Ramp or the company may include a margin on the foreign exchange rate, which affects the total reimbursement amount. Ramp defines four key currency types in this process: employee bank account currency, receipt/expense currency, payment currency, and the functional currency of the entity.