Our API utilizes the European Central Bank (ECB) to obtain currency exchange rates. As the ECB doesn't offer a direct conversion to some of the currencies (e.g. between USD and GBP), a "middleman" currency, the EURO, is employed for this conversion. Following the conversion process, we round the resulting amount to the nearest hundredth, ensuring precision up to two decimal points (Converted Amount field).

An example of how this works as explained by ChatGPT: