Truly Transparent FX Pricing

Transparent pricing for businesses of all sizes, designed to scale with you.
FX Management for Your Business
End-to-End FX Management
AI Powered FX Hedging
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FX Pricing Explained

FX pricing is traditionally made out to be complex and confusing, but is fundamentally straightforward, consisting of three components:

Interbank Rate

Base exchange rates are primarily influenced by the volatility and liquidity of a currency pair. In other words, the price fluctuations of a currency and its availability at a given time drive the fundamental price between banks.

FX Markup

However, only banks receive the interbank rate; you pay this rate plus a markup. The FX Markup accounts for the provider's profit margin as well as adjustments for client dynamics such as credit risk.

Payment Fee

This is a separate fee for the money transfer, akin to a wire fee. This fee can be added as a flat rate, hidden inside your overall FX conversion rate, or can sometimes be completely waived.
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Discover the Pangea Difference

Transparency Redefined

Pangea distinguishes itself from conventional providers by offering clear, straightforward, and consistent pricing for each transaction, guaranteeing no hidden surprises.

Innovation Harnessed

As a Commodity Trading Advisor, Pangea uses AI to enhance capabilities, targeting savings in areas usually outside FX providers' reach, like the Interbank Rate.
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Pangea's Transparent Pricing

Acquisition Rate
This represents the market price at which we can secure rates from the Interbank Market.
Instead of hiding additional fees here, we always show your rate breakdown.
Pangea Fee
We establish a consistent fee for our services on the currencies you operate in at competitive market rates.
This is the only fee we will charge you, and it will be clear every time.
Payments Fees
Pangea never charges a fee for delivering payments over $5,000 USD equivalent.
For payments under this threshold, we charge a clear flat rate:
• $5 Fee on Standard International Wires
• $10 Fee on Realtime International Transfers
These fees may be waived for businesses with high-volume small payments.

Pricing

Our pricing is fair and transparent, made to work for all businesses between
the startup and enterprise.
How much money does your company move globally each year?

$1 M

$1
$ 0M
$50M+
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FX Transaction Cost
We offer a simple low-cost flat rate based on size of transaction. You can count on it every time. Learn More
Transaction Size
$1,000 - 9,999
$10,000 - 99,999
$100,000 - 999,999
$1,000,000+
The Pangea 10
P10
0.60%
0.50%
0.25%
0.15%
Non-P10
1.00%
1.00%
0.50%
0.25%
Wire
Free
Free
Free
Free
FX Transaction Cost
Whether you book a spot, forward, or options-based transaction, we offer a simple low-cost flat rate based on size of transaction. You can count on it every time. Learn More
Transaction Size
$1k - 9,999
$10k - 99,999
$100k - 999,999
$1,000,000+
The Pangea 10
0.60%
0.50%
0.25%
0.15%
Non-P10
1.00%
1.00%
0.50%
0.25%
Wire
Free
Free
Free
Free
Assets Under Management Fees
The fee applies solely to FX Risk Management (Hedging), not to FX transactions. Pangea offers a low-cost rate based on your annual volume and ensures you only pay for what you use. Learn More
Assets Under Management Fees
As low as 1.00%
Pangea offers customized, cost-effective solutions for those hedging over $50M annually. Talk to sales to get a custom quote.
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Assets Under Management Fees
Pangea provides a number of hedging strategies to help mitigate against FX market volatility for it's clients. When hedging against market volatility, Pangea will enter into a variety of forward contracts that carry with them the exact same fee structure as regular FX transfers. However, to cover the cost of these advisory services, Pangea charges an AUM based fee.
Here’s how this works:
  1. Pangea takes your annualized rate and creates a daily APR (Your annualized rate / 365 days).
  2. On a daily basis, Pangea calculates your total amount of hedges in USD terms and applies your daily APR to that sum.
  3. On a quarterly basis, we charge your quarterly AUM fees in one lump sum for any hedges open or closed during that quarter.
Examples
Example 1: You need to hedge against a large transaction in 1 year.
  • If your AUM rate is 0.5%, Pangea would charge you 12.5 basis points for the hedge.
  • 0.5% / 365 = 0.0000137% Daily APR
  • 0.0000137% * 365 Days = 0.005% (50 basis points)
Example 2: You need to hedge a contractor payment due in 90 days.
  • If your AUM rate is 1%, Pangea would charge you 24.6 basis points for the hedge.
  • 1% / 365 = 0.0000274% Daily APR
  • 0.0000274% * 90 Days = 0.00246% (24.6 basis points)
Got It
FX Transaction Cost
FX is a largely unregulated space when it comes to pricing. Most banks and brokers hide the true cost to a transaction. Every liquidity provider executes trades at a rate that includes both the interbank spread, as well as a markup. The cost of an FX transactions an be broken down into 3 components.
  1. Interbank Spread: This is the cost to the bank. When conducting a transaction on your behalf, the bank has to find a counterparty for the other side of the trade. Most banks price in a similar way, because the amount they could gain or lose on the transaction is similar across banks.  This is why we call this the "interbank spread," it is inherent to the transaction and is typically the same across banks.
  2. The Markup: This is the cost to you. Banks charge you more than it costs to them, because this is how they make a profit. The problem is when banks quote you, they roll their cost and the cost to you into one "quote" without being transparent about how much you are really paying.
  3. Wire Fee: Many banks and brokers will waive this fee because they make so much hiding how much they are really making off you. However, if you see it in a transaction statement, this is nothing more than the cost of moving the money from point A to point B, and has very little to do with exchanging one currency for another.
How Pangea is Different
Pangea works to achieve some of the most competitive FX pricing in the industry through several methods. In the pricing chart on the main pricing page behind this pop-up you will see our fees above interbank spreads on all transaction sizes based on your annual volume.
  1. Leveraged Purchasing Power: By leveraging all of our clients volume, we achieve smaller markups from our liquidity providers and pass that savings on to you. We even offer special pricing for the P10, which includes all of the United States top 10 trading partners.
  2. Strategic Execution: Pangea's "Strategic Execution" leverages "liquidity windows" to ensure optimal trade timing, capitalizing on moments when banks offer better pricing due to thick liquidity. Utilizing AI, we strategically hold and execute transactions, considering market movements, to hit the most liquid periods, often bidding against multiple banks for the best rate. This advanced approach results in clients saving over 50% on Interbank fees on average.
  3. Netting Payments: If you are a business that sends mass payments, we will automatically net all your smaller payments together, convert one lump-sum with "buying power," and then send out all the individual payments to your beneficiaries in their local currency.
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Pangea in Comparison

FX Transaction Cost vs. Others
Transaction Size
$1,000 - 9,999
$10,000 - 99,999
$100,000 - 999,999
$1,000,000+
Pangea
Wire
Free
Free
Free
Free
The Pangea 10
P10
0.60%
0.50%
0.25%
0.15%
Non-P10
1.00%
1.00%
0.50%
0.25%
PayPal
0.70%
0.60%
0.40%
0.20%
Chase
0.70%
0.60%
0.40%
0.20%
Wise
0.70%
0.60%
0.40%
0.20%
AUM Fees vs. Others
Assets Under Management Fees
As low as 1.00%
Pangea offers customized, cost-effective solutions for those hedging over $50M annually. Talk to sales to get a custom quote.
PayPal
0.80%
Chase
0.80%
Wise
0.80%
FX Transaction Cost vs. Others*
Provider
TransferWise (Wise)
Revolut
PayPal
Western Union
Big Banks
Local/Regional Banks
Pangea
Major Currencies
(Over $50M/yr)
0.5-2.8%
0.65-1.2%
3%
3%
0.4-1%
2-3%
0.2-0.6%
Major Currencies
(Under $50M/yr)
0.5-2.8%
0.65-1.2%
5%
5%
1.1-3%
2-4%
0.2-0.6%
Emerging Markets
0.5-2.8%
0.65-1.2%
5-10%
5-10%
5-7%
5-7%
0.2-0.6%
Frontier Markets
0.5-2.8%
0.65-1.2%
Over 10%
Up to 20%
Up to 10%
Up to 10%
0.3-0.7%
* Assumes $10M or more per year in volume and a $100,000 transfer or larger.
FX Transaction Cost vs. Others
INR Example
Top Tier Bank Max
PayPal
Top Tier Bank Min
AirWallex
Transferwise
Pangea
USD Sent
7%
5%
1-2%
0.6-1.2%
0.8-1.3%
0.2-0.9%
Transfer Fee
$20
$0.00
$20
$10
$1,161
$0.00
Benchmark Rate
0.9289
0.9289
0.9289
0.9289
0.9289
0.9289
Provider Rate
0.8639
0.8907
0.9103
0.9164
0.9289
0.9243
Spread
0.0700
0.0411
0.0200
0.0135
0.000
0.0050
EUR Delivered
86,370
89,072
91,014
91,627
91,812
92,426
Total Cost (EUR)
6,520
3,818
1,876
1,263
1,078
464
Cost (%)
7.02%
4.11%
2.02%
1.36%
0.6-1.15%
0.2-0.9%
Frequently Asked Questions

Will you be able to integrate with our ERP/Treasury management system?

Yes, assuming your system allows for it, Pangea can integrate with almost any ERP/Treasury management system.

Which Pangea features (Wallets, Hedging, Transfers) are available in my country?

For wallets and transfers, you can hold, send, to over 170+ currencies in 200 countries. With hedging, you can hedge the US Dollar against over 30 of the most liquid currencies in the world. For a full list of receivable currencies, please contact sales.

How long does it take to start/onboarding process?

A motivated team can be fully onboarded and using the Pangea platform in one week. There will be certain financial documents we need to get you onboarded with our liquidity partner, so as long as these documents are available and ready, there won’t be any holdup during onboarding process. 

What are the different pricing tiers Pangea offers?

Pangea's lowest tier is the startup package at 1% annualized rate on AUM. The lowest pricing for businesses hedging upwards of 1 Billion USD equivalent per year can enjoy pricing in the single digits AUM depending on complexity and currency sets.

How does the per hedge fee work?

When a hedge is entered we track the value over the life of the hedge. At the end of the hedge, you will see two drafts, one for your settlement, and one transparent fee for Pangea.

How do we know what you charge?

On every payment, transfer, or hedging, we show you the wholesale rate we receive, the broker spread our liquidity partner passes on to you, based on your volume and price tier, as well as our hedge fee as it applies to FX hedging products. Transparency builds trust.

Who is our counterparty, or who carries our trade?

Whether you execute with Pangea or directly with our liquidity partner, we lay off your risk immediately with the largest banks in the world, or through US regulated centrally clearing exchanges like the CME.

What are your security measures?

Every partner we work with is Soc2Type2 compliant, and all data in and out of Pangea is tokenized to ensure data is never compromised. Pangea houses all its data within its platform on a highly secure Google Cloud virtual server.

How are you regulated?

Pangea is registered as a Commodity Trading Advisor (“CTA”) and as such adheres to all regulatory requirements for a CTA as required by the CFTC and NFA. Pangea’s robust compliance processes and policies ensures that we continue to stay in good standing with all applicable regulatory requirements.

Frequently Asked Questions

In which countries do you offer services, which currencies can you handle, and what type of transactions do you support?

All major currencies are supported. Most minor and exotic currencies are supported, though not all. With Pangea, you can send or receive over 170+ currencies in 200 countries at unbelievably low rates, and use our Ai-powered hedging tool to hedge over 30+ currencies covering the US top trading partners.  

What is the process for integrating Pangea's FX services into our existing financial systems?

Integrating Pangea's FX services into your financial system is a streamlined and efficient process, achievable in under a month.
We do this through four straightforward steps:
‍‍
1. Discovery Call: We begin by assessing the alignment between your needs and our solutions during a discovery call. This ensures we fully grasp your use-case. Given Pangea's technology's high adaptability, we're confident in our ability to craft solutions where others might not succeed.
2. FX Architecture Planning: Next, our FX Solutions Architects engage with you to delve into your specific challenges. Together, we'll devise a tailored technology and financial strategy to address these issues. This phase is efficient, ranging from a single day to a maximum of one month.
3. Onboarding & Integration: We simultaneously begin onboarding and, if relevant, technology integration. This phase encompasses signing of commercial and service agreements, alongside compliance steps like KYB and AML. For API users, we also grant sandbox access, set up a collaborative communication channel (e.g., Slack), and start the technical integration.
4. Launch: Begin leveraging Pangea for your FX transfers and/or hedging needs. Our Advisors will support you throughout this journey, ensuring a smooth transition and effective use of our services.

How are your fees structured for currency exchanges, and how competitive are your exchange rates?

At its core, FX pricing is influenced by two major inputs: The interbank rate and the FX markup.
(1) The Interbank Rate: The foundation of FX pricing, reflecting the market's valuation of currencies based on liquidity and volatility.
(2) The FX Markup: An additional fee over the Interbank rate, varying based on your transaction volume, credit risk, and the complexity of your operations.

However, traditional brokers often obfuscate these costs. Not at Pangea. Pangea's Pricing Stands Apart for four major reasons: Transparency, Consistency, Flexibility, and Strategic Execution.

How Pangea's Pricing Stands Apart Transparent, Consistent, Strategic, Flexible
- Transparent: We're not just another FX provider; as a Commodity Trading Advisor (CTA), transparency is in our DNA. We openly display our acquisition rates and markups, ensuring you're fully informed every step of the way.
- Consistent: Our markup remains stable unless your business needs evolve. Experience pricing that adapts to your growth, rewarding your success with even more favorable rates.
- Flexible: Benefit from our range of pricing features tailored to your needs, including Guaranteed Rates, Blended Rates, and bespoke AI-powered hedging programs.
- Strategic: We utilize AI, quantitative engineering, and industry best practices to save on the largest cost components of your FX transactions, global interbank liquidity driving core pricing. Our consistent and transparent markup means the savings are always passed on to you.

Discover the Pangea Advantage: Our approach to FX pricing isn't just different; it's designed with your success in mind. From transparent costs to innovative solutions that grow with you, Pangea FX is your partner in navigating the complexities of the global currency market.

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