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Conversion fees

Grey Conversion Fees: Currency Swap Fees Explained

Written by Mojisola Aimasiko
Updated this week

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Grey may apply a fee when you convert between currencies, depending on the currency pair, some conversions are free, while others attract a fee. This guide breaks down the different fee groups and lists all supported currency pairs.

Swap Group

Fees

Per transaction (Min)

Per transaction (Max)

Daily

Monthly

Group A

0%

$1

$10,000

No limits

No limits

Group B

0.5%

$1

$10,000

No limits

No limits

Group C

1%

$1

$10,000

No limits

No limits

Group D

1% (cap $6)

$1

$10,000

No limits

No limits


Conversion Fee Overview

Conversion fees are structured based on the group each currency pair falls into. Each group reflects the type of currencies involved and how the conversion is processed. Below, we’ve outlined all supported currency pairs and their corresponding fee groups, so you can easily see which applies to your transaction.

Group A - 0% (FREE)

Category

Currency Pairs

Fiat/Stablecoin

USDC-USD

USD-USDC

USDT-USD

USD-USDT

USDT-USDC

USDC-USDT

Group B - 0.5%

Category

Currency Pairs

Fiat/Stablecoin

USD-EGP

EGP-USD

GBP-EGP

EGP-GBP

EUR-EGP

EGP-EUR

USD-CAD

EUR-CAD

NGN-CAD

GBP-CAD

USDC-NGN

Group C - 1%

Category

Currency Pairs

Fiat

USD-BRL, BRL-USD, USD-ZAR, ZAR-USD, USD-PHP, PHP-USD, USD-IDR, IDR-USD, USD-MXN, MXN-USD, USD-GHS, GHS-USD, GBP-GHS, GHS-GBP, EUR-GHS, GHS-EUR, GBP-MXN, MXN-GBP, EUR-MXN, MXN-EUR, GBP-ZAR, ZAR-GBP, EUR-ZAR, ZAR-EUR, EUR-PHP, PHP-EUR, GBP-PHP, PHP-GBP, GBP-IDR, IDR-GBP, EUR-IDR, IDR-EUR, GBP-BRL, BRL-GBP, EUR-BRL, BRL-EUR, USD-INR, USD-MAD, USD-DZD, USD-CNY, USD-XAF, USD-BDT, USD-XOF, USD-PKR, EUR-MAD, GBP-MAD, GBP-INR, EUR-INR, EUR-BDT, GBP-BDT, EUR-XAF, GBP-XAF, GBP-XOF, EUR-XOF, NGN-MAD, USD-UYU, GBP-UYU, EUR-UYU, USD-MYR, USD-VND, USD-RWF, USD-SAR, USD-TRY, USD-PEN, USD-AED.

Fiat

USD-KES, KES-USD, NGN-KES, KES-NGN, GBP-KES, KES-GBP, EUR-KES, USD-UGX, UGX-USD, GBP-UGX, UGX-GBP, EUR-UGX, UGX-EUR, USD-TZS, TZS-USD, GBP-TZS, TZS-GBP, EUR-TZS, TZS-EUR.

Stablecoin

USDC-GBP, GBP-USDC, USDC-EUR, EUR-USDC, USDT-GBP, GBP-USDT, USDT-EUR, EUR-USDT.

Group D - 1% ( cap $6)

Category

Currency Pairs

Fiat

USD-NGN

Fiat

EUR-USD

USD-EUR

GBP-EUR

EUR-GBP

GBP-USD

USD-GBP

Stablecoin

NGN-USD

NGN-GBP

NGN-EUR

GBP-NGN

EUR-NGN

NGN-USDC

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