FX Transparency Comparison
Compare how EOR providers handle currency conversion for any country — rate basis, upfront transparency, pre-funding lead time, and whether FX hedging is available.
Spread is never published. A mid-market or interbank basis means the rate is anchored to the interbank rate — but a markup still applies. Request the exact rate and spread in writing before signing.
| Provider | Rate basis | Upfront | Pre-funding | Hedging | Multi-ccy |
|---|---|---|---|---|---|
| Most open |
| Country | Providers | Disclose basis | Hedging | Lowest pre-fund |
|---|---|---|---|---|
| Selected |
Data comes from provider MSAs, public pricing documentation, and direct product testing. Rate basis (mid-market, interbank, or proprietary) is taken from the provider's stated methodology; where none is published it is marked "Not disclosed". Pre-funding days are the business days before the run date by which funds must be in the provider's account. No provider in this dataset publicly discloses the spread % applied on top of the stated basis — that figure must be requested directly. A mid-market or interbank basis is independently verifiable (Bloomberg, XE) and so more transparent than a "proprietary" or undisclosed rate.
In high-salary markets (Switzerland, Denmark, Australia) even a 0.5% spread is a meaningful annual cost that compounds across a team. In volatile-currency markets, whether a provider offers hedging or locks the rate at run time matters for forecasting. A "Not disclosed" rate basis is a red flag — ask for a contractual spread cap before signing. To find the true cost, convert gross local salary at the mid-market rate on run day and compare it to what the provider invoices, repeated over three cycles.
FX is where global-payroll cost hides: the headline fee is visible, the spread is not. Since no provider publishes the spread %, the transparency of the rate basis is your best proxy — a mid-market anchor you can verify beats a proprietary rate you cannot. Treat an undisclosed basis as a negotiating item, request a spread cap in writing, and measure the real cost against the mid-market rate over a few cycles.