# Settlement Rate

## Get Settlement Rate

 - [GET /v2/settlement-rates](https://almondfintechapi.redocly.app/apis/settlements/settlement-rate/getsettlementrate.md): Retrieves the guaranteed/locked exchange rate for settlement along with forecast rates for different execution intervals.

Rate Information Includes:
- Current Rate: locked exchange rate for immediate execution
- Rate ID: Unique identifier of the rate
- Forecast Rates: Forecast rates for execution at different time intervals (1-6 hours)
- Corridor Information: Source and destination member IDs

Rate Locking:
- Each rate response includes a rateId that locks the current rate
- This rateId must be used when creating a settlement to guarantee the rate
- Rate locks have an expiry time (typically 15 minutes for immediate execution)

Forecast Rates:
- Provides rates for scheduled execution
- Available intervals: IMMEDIATE, ONE_HOUR, TWO_HOURS, THREE_HOURS, FOUR_HOURS, FIVE_HOURS, SIX_HOURS
- Helps members choose optimal execution timing based on rate forecasts