Indicative Quotes
Indicative quotes
Retrieve indicative FX rates across multiple currency pairs in a single API call. Designed for data and display use cases.
Overview
The Bulk Rates API allows you to request indicative rates for multiple currency pairs simultaneously. No amount is required, making it well suited for powering live rate displays or performing pre-trade analysis across a wide range of corridors.
Important limitations
- Indicative rates cannot be booked. To execute a trade you must call the Get FX Rate endpoint for a firm, bookable quote with an amount and amount currency specified.
- Indicative rates may differ slightly from firm quotes. Firm quotes are amount-specific and priced based on available liquidity at the time of request — indicative rates do not factor liquidity into pricing and should be treated as approximate.
- Do not display indicative rates to end customers as guaranteed prices.
When to use indicative quotes
| Use case | Recommended flow |
|---|---|
| Live rate board or display | Indicative quotes |
| Pre-trade analytics or FX monitoring | Indicative quotes |
| Guaranteed price at checkout | Held Rate |
| Executing a conversion | Instant FX or Fund Later |
