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How is currency conversion calculated within the Service Fee?

Written by Michelle Henley

Updated at April 12th, 2024

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            When calculating a Service Fee with an FMV rate in a currency other than USD, the system will always calculate the total amount by taking the FMV rate hours in the foreign currency x the service hours and then converting the total amount in the foreign currency to USD.

            In the example below, the calculation is: 

            GBP £155 x 86.75 (total service hours) = £13,446.25

            £13,446.25 converted to USD = $15,862

             

            service fee currency exchange

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