Overview
The Currency Conversion API is a collection of API operations for managing the conversion of currencies in platform resources.
By default, the value of projected losses are returned in the default currency. Using this API, the client can convert the default currency of exposures and analysis results to that of another currency.
Currency conversion is supported for the following platform resources:
- Portfolio
- Account
- Aggregate Portfolio
- Treaty
- Analysis
Currency conversion rates between the default currency and that of the new currency are based on the currency exchange rates specified in a currency scheme. A currency scheme vintage must be specified in every Currency Conversion job.
Entitlements
Client must be assigned one of the following entitlements to use this API:
RI-RISKMODELERRI-UNDERWRITEIQ
Operations
The Currency Conversion API exposes the following operations:
| Operation | Method | Path | Description |
|---|---|---|---|
| Create Currency Conversion Job | POST | /CurrencyConversion/v1/jobs | |
| Search Currency Conversion Jobs | GET | /CurrencyConversion/v1/jobs | |
| Get Currency Conversion Job | GET | /CurrencyConversion/v1/jobs/jobId | |
| Update Currency Conversion Job | PATCH | /CurrencyConversion/v1/jobs/jobId |
Currency Schemes
A currency scheme is an entity for managing the value of currencies over time. Each currency scheme defines the exchange rate between various currencies and a single anchor currency at different points in time. Each of these snapshots of the currency scheme is called a currency scheme vintage.
Tenant organizations can use the Legacy API to define custom currency schemes, currency scheme vintages, currency exchange rates, and currencies. See Legacy API.
RMS Default currency scheme
The RMS Default currency scheme defines currency exchange rates for over 200 currencies using the US dollar as an anchor currency.
The RMS Default currency scheme consists of multiple currency scheme vintages dating back over a decade. Each currency scheme vintage specifies currency exchange rates at the time of a different RiskLink release. For example, the RL25 currency scheme vintage defines the exchange rate for currencies that are effective May 28, 2025.
All currencies in the RMS Default currency scheme are identified using a three-letter code that is consistent with the ISO 4217 standard.
The RMS Default currency scheme is available to every Intelligent Risk Platform tenant. The RMS Default currency scheme cannot be edited.