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Many firms accept Euro-based transactions and allow trade of contracts measured in Euros. To accommodate such partners reporting needs, and to provide a consistent trading experience, we allow for automated conversion of EU balances to USD balances. This is a setting that must be configured at the Organization level by an Evaluation Support team representative.

### When Does Conversion Occur?

The EU -> USD conversion happens immediately when a trade is closed, using the system rate.

### What Rate is Used for Conversion?

We use our internally stored EU -> USD conversion rates. This table is updated nightly between 12AM and 1AM CT, using the previous day's rates.