Corridors

Direct corridors, no dollar in the middle

Each guide below covers one route between two account currencies: who uses it, the usual path through USD, and what a direct pair changes. Every pair works in both directions.

Get a quote   Check a pair

Corridor guides

12 corridors written up so far.

AED ↔ TRYAED to TRY: settling the UAE–Türkiye corridor without a dollar legAED to TRY is one direct pair on Modality: one quote, one spread, no USD in between. What the UAE–Türkiye corridor looks like in 2026.Nov 5, 2026EUR ↔ TRYThe Dollar Tax: What It Costs to Route EUR→TRY Through New YorkNobody in a Turkey–Germany trade wants a dollar, and both sides pay for one anyway. A cost breakdown of the USD leg on non-dollar corridors — what the second spread actually is, who…Aug 6, 2026GBP ↔ TRYGBP to TRY: paying Türkiye from the UK without a dollar legGBP to TRY is one direct pair on Modality: one quote, one spread, no USD in between. What the UK–Türkiye corridor looks like in 2026.Nov 6, 2026AED ↔ CNYAED to CNY: The UAE-China Corridor Quietly Testing Life Without the DollarChina is one of the UAE's largest trading partners, and both governments have openly discussed settling bilateral trade in local currencies instead of dollars. The intent is public.…Aug 16, 2026AED ↔ EURAED to EUR Business Payments: UAE ↔ Europe, Without the Dollar LayoverThe dirham has been pegged to the US dollar since 1997, at roughly 3.6725. That peg doesn't make AED→EUR free — it means the conversion is quietly priced as AED→USD→EUR, two spreads…Aug 16, 2026AED ↔ GBPAED to GBP Business Payments: UAE ↔ UK, Without the Dollar LayoverThe UAE is one of the UK's largest Gulf trade partners — property, professional services, retail and logistics all move value both ways. Almost none of it settles AED↔GBP directly;…Aug 16, 2026AED ↔ INRAED to INR Business Payments: Skip the Dollar, Keep the RateThe dirham–rupee corridor routes through USD by default — two to four days and a second spread. What a direct, stablecoin-settled AED↔INR leg looks like for UAE–India trade.Aug 6, 2026AED ↔ USDAED to USD Business Payments: The One Corridor Where the Peg Isn't the ProblemThe dirham has been pegged to the US dollar since 1997, at roughly 3.6725. AED-USD is the one pair on this blog where there's genuinely no FX risk to remove. What's left to fix…Sep 2, 2026ZAR ↔ EURZAR to EUR Business Payments: South Africa ↔ Europe, Without the USD HopPaying a South African supplier from Europe (or receiving ZAR) usually bounces through dollars. What a direct ZAR→EUR leg costs versus the detour — and why the spread hides in the float.Aug 6, 2026BRL ↔ EURBRL to EUR Business Payments: Brazil ↔ Europe, Settled DirectlyPaying a Brazilian supplier from Europe (or receiving BRL) usually routes through USD. What a direct BRL→EUR leg saves on spread and time.Aug 6, 2026PLN ↔ GBPPLN to GBP Business Payments: Poland ↔ UK, Settled DirectlyUK companies paying Polish suppliers (or Polish firms billing in GBP) get a USD detour by default. What a direct PLN↔GBP leg saves on spread and time.Aug 6, 2026SGD ↔ INRSGD to INR Business Payments: Singapore ↔ India, Settled DirectlyThe Singapore–India corridor routes through USD by default. What a direct SGD↔INR leg costs versus the detour — and why the spread hides in the float.Aug 6, 2026

Your corridor is not listed?

These are the routes we have written up, not the limit. Any two of the 36 account currencies form a direct pair: 630 in total. The full currency list is on Coverage, and the weekend settlement calendar shows which local rails run on Saturday and Sunday.

Questions

What is a corridor?

A corridor is a route between two currencies, for example AED to EUR. On Modality each route between two of the 36 account currencies is a direct pair: one conversion with one quoted spread and no USD leg in the middle.

Can I use a pair that has no corridor page?

Yes. These pages are write-ups of common routes. Any two of the 36 account currencies form a direct pair, 630 in total, in either direction. The full list is on the Coverage page.

Does a direct pair change local payment hours?

No. A direct pair removes the dollar leg from the conversion. The local rail that delivers the funds keeps its own hours and holidays. The weekend settlement calendar shows which rails run on Saturday and Sunday.

Bring your corridor to a call: Get a demo.