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FX ConversionGruv AI

Lock the rate when you approve the batch, settle days later

Get a firm EUR/USD or GBP/INR quote, accept within 60 seconds, and the locked rate holds through settlement. Every conversion exports to NetSuite with the quote ID, fee split, and approver name attached.

Rate locked at approval60-second firm quotesMulti-currency holdNetSuite FX journal
See your corridor ratesSee the quote trail

Every conversion tied to balance, payout, and journal

Getting a rate takes 10 seconds. Explaining the conversion to your auditor takes 10 hours. Gruv keeps every conversion connected to the balance movement, the payout it funded, the ledger entry, and the approver who accepted the quote.

Rate locked at approval, not at settlement

  • Quote ID, amount, and 60-second decision window saved on accept
  • Provider reference ties the rate back to the exact Wise or PayPal leg
  • Balance debit and credit post on the same conversion record

Expired quotes pause, never silently execute

  • Stale quotes halt the batch and prompt a re-quote decision
  • Old rate, new rate, and variance logged for treasury review
  • Approver name and timestamp persist in the audit export

One record from quote to NetSuite journal

  • Source USD debit and destination EUR credit reconcile in one view
  • Fee split (Gruv fee vs. provider spread) travels with the record
  • Ledger row, export row, and payout funding all share the same ID

Pick the FX model that matches your workflow

Start with treasury-approved conversions and NetSuite exports. Then connect FX into payout batches, multi-currency holds, and automated funding as your corridor volume grows.

Treasury-approved conversion

Your controller reviews the firm quote in Slack, approves, and the conversion executes. Rate, approver, and timestamp export to NetSuite the same day.

Payout batch funding

Convert USD to PHP before releasing a contractor batch. The quote ID links to the batch, each payout, and the close record in one chain.

Hold and convert on your schedule

Collect GBP from UK clients, hold the balance, and convert to USD when your weekly treasury window opens. No forced same-day conversion.

Automatic NetSuite FX journal

Every conversion pushes rate, quote ID, fee split, timestamps, and amounts into a NetSuite journal entry. Finance closes the period without spreadsheet rework.

Programs teams convert with Gruv

Marketplace seller payoutsContractor batch fundingCross-border collectionsWeekly treasury windowsMulti-currency hold accountsInter-entity settlement
How it works

From quote to traceable conversion

Five steps take a conversion from indicative rate to firm quote, locked execution, balance update, and NetSuite journal entry.

gruv.app › fx › request quote
fxquotesnew

Request quote · USD → EUR

Indicative
Sell currencyUSD
Buy currencyEUR
Notional$50,000.00
Use casePayout funding · EU corridor
Indicative rate0.9230
Indicative receive€46,150.00
Quote prep

Corridor enabled · USD → EUR

Provider routing · Convera + Wise

Rate window · 60 seconds

Firming with provider

Frequently Asked Questions

What if the rate moves between approval and settlement?+
It does not. Gruv locks the firm quote the moment your treasury approver clicks accept. The rate on the batch is the rate that settles, even if USD/EUR drifts 40 bps overnight. The locked rate, quote ID, and acceptance timestamp all export into NetSuite so the journal matches reality.
Can I get a firm quote before executing a conversion?+
Yes. You start with an indicative rate for planning, then request a firm quote for the exact amount and corridor (e.g. USD 85,000 to INR). The firm quote holds for 60 seconds. If you accept within the window, that rate is guaranteed.
What happens if a quote expires before we accept?+
Gruv pauses execution and asks your approver to re-quote at the current rate. No silent fallback, no stale pricing. The expired quote and the replacement quote both appear in the audit trail so treasury sees exactly what changed.
Can we hold GBP from a UK client and convert to USD later?+
Yes. Hold the GBP in your multi-currency balance and convert when your payout batch or treasury window calls for it. You avoid round-tripping currencies and only convert when you actually need USD.
How does our controller reconcile FX in NetSuite?+
Every conversion exports the locked rate, quote ID, timestamps, source currency, destination currency, fee breakdown, and provider reference. Finance gets one row per conversion that ties back to the payout batch or balance movement. No reconciling rates across bank statements.

Ready to lock your first EUR/USD rate with a full audit trail?

We configure your first corridor, set the quote acceptance policy, and connect the NetSuite FX journal before your next batch.

Book a demoRead the docs

Many teams start with a narrow launch in weeks; timelines depend on scope and integrations.