Skip to main content
PIK’s FX Conversion engine lets merchants and platforms convert balances between supported currencies directly within their PIK wallet — at institutional-grade rates, available 24 hours a day, 365 days a year. There is no need to move funds to an external exchange or FX provider. The conversion happens entirely within PIK.

​
Rate quality

PIK sources FX rates from institutional-grade liquidity with access to interbank pricing. For AUD/USD in particular, PIK offers highly competitive rates — tighter spreads than retail banks or consumer FX apps. This is especially valuable for platforms handling regular AUD/USD flows, such as businesses receiving USD from overseas clients and paying out in AUD domestically. PIK applies a fixed spread on all conversions. No variable commissions, no hidden markups. Every customer gets the same institutional-quality pricing.

​
How it fits into PIK

FX Conversion sits between receiving payments and making payouts. Step 1 — Receive funds in USDT, USDC, or AUD. Step 2 — Convert to your target currency using PIK’s FX engine. Step 3 — Hold or pay out the converted balance.

​
On-ramp and off-ramp

The FX Conversion engine handles crypto-to-fiat and fiat-to-crypto through the same unified API. On-ramp — Convert USDT or USDC to AUD or USD. Off-ramp — Convert AUD or USD to USDT or USDC. See On-ramp & off-ramp for a dedicated guide.

​
Two conversion methods

Rates — Convert immediately at the live market rate. Best for high-volume automated workflows. Quotes — Request a firm price quote locked for a short validity window. Best for large amounts, approvals, or showing a customer a confirmed rate.

​
Key characteristics

Available 24/7 — No cut-off times or settlement windows. Institutional-grade pricing — Fixed spread on interbank rates with no hidden fees. Settled instantly — Converted funds credited to the target balance immediately upon confirmation. Wallet-scoped — Conversions are scoped to the account making the request.