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PIK’s Quotes method lets you request a firm price quote before committing to a conversion. The rate is guaranteed for a short validity window — typically 30 to 60 seconds — regardless of market movement. You can then accept the quote and execute at that locked rate, or let it expire with no charge.

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How Quotes works

Step 1 — Request a quote. Call POST /api/v1/fx/quotes with sell_currency, buy_currency, and amount. PIK returns a guaranteed rate with a quote_id and expiry timestamp. Step 2 — Review and decide. If the rate is acceptable, proceed before the quote expires. Step 3 — Execute the conversion. Call POST /api/v1/fx/conversions with conversion_type set to quote and the quote_id. PIK executes at the locked rate regardless of market movement since quoting.

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Things to know

One conversion per quote — Each quote_id can only be used once. Quote does not reserve funds — Ensure sufficient balance is available at execution time. Expired quotes are free — No fee if you let a quote expire without converting.