# FX exposure

If you hold invoices or balances in more than one currency, this question is easy to ask and hard to answer without a spreadsheet. The skill groups everything that is not your home currency and converts it at a real rate, showing the original amount, the converted value, and the rate and date behind it.

## How the skill answers

Every step of the run, in order, with the card each one returns. A step that hands its work to another skill says which one.

01. You ask

How exposed are we to currency risk?

02. Pin the workspace

### Workspaces

Pick the workspaces to work in.

Your workspaces

Maxime Champoux
   
   
   
   Well App Inc.

03. Confirm the connections this answer needs

### Connect a tool

Pick a tool to connect it to Well.

Available tools

QuickBooks
   
   
   
   Mercury
   
   
   
   Qonto
   
   
   
   Xero
   
   
   
   Chronograph
   
   
   
   Daloopa
   
   
   
   iBanFirst
   
   
   
   Moody's
   
   
   
   Morningstar
   
   
   
   MSCI
   
   
   
   MT Newswires
   
   
   
   Plaid
   
   
   
   S&P Global
   
   
   
   Wise

04. Verify the data itself has landed

05. Query outstanding invoices and current cash balances

06. Determine the home/reporting currency, then separate out the exposure set

07. Convert each non-home currency to the home currency, using the home currency from step 5 as the target and `mode: convert`

08. Report exposure per currency

09. If any required step errors or returns unusable data

10. You get

### Accounts

| Account | Last known balance |
   | --- | --- |
   | M<br>Mercury · US operating·USD | $740,000.00 |
   | Q<br>Qonto · EUR main·EUR | €3,340,000.00 |

17% of your position sits outside EUR. $740K in the US entity converts to €683K at 0.9229, dated today. Add $61K of unpaid USD invoices and your total non-EUR exposure is €739K.

## Frequently asked questions

### Where does the exchange rate come from?
From synced rate data, and the skill always shows the rate and its date so a conversion can be checked or re-run at a different rate.

### What if only one of bank or invoicing is connected?
It computes what it can and says which half is missing. With neither connected there is no exposure to measure and it says that instead of returning zero.

### Does it hedge anything?
No. It measures exposure so you can decide what to do about it.