Rate of
Exchange
How TMC converts ocean freight, surcharges, and local charges into billing currencies on your invoices.
Currency Transparency
Conversion Logic
The Rate of Exchange (ROE) determines how amounts expressed in a freight or tariff currency (e.g., USD or EUR) are converted into the currency of your invoice.
- ■ Reference Rate Sources
- ■ Effective Date Rules
- ■ Invoice Visibility
Financial Clarity
Freight Currency •
Billing Currency
Determination Rules
How the exchange rate is selected and applied to your shipments.
Reference Sources
ROE is generally based on recognized market or banking references selected by TMC or specified in your contract.
Effective Date
The rate used is linked to a specific date: quotation date, shipment departure, BL date, or invoicing date.
Application Scope
ROE may apply to ocean base freight only, or include surcharges and local charges depending on trade agreements.
Visibility Points
TMC makes ROE information visible at key stages of your booking and billing process for full reconciliation.
Quotations
Freight currency and indicative exchange mechanism shown at quoting.
Invoices
Applied ROE appears on the invoice line details or header.
My TMC
Review historical exchange rates used for specific shipment periods.
Best Practices
- Alignment Internal Teams
- Review Local Rules
- Clarify Pre-Booking
- Budgeting Check Trends
Spot Shipment
Freight quoted in USD, invoice issued in local currency (e.g., NGN or ZAR). TMC converts at the applicable ROE defined in the tariff.
Fixed Contract
Long-term contract where rate and invoicing currency are the same (e.g., EUR). ROE applies only to specific local surcharges.
Mixed Charges
Some costs (Demurrage, THC) in local currency, base freight in foreign currency. Invoice details conversion per line item.