Common questions about exchange rates and transfer costs.
It is the rate banks use when trading with each other. It is the fairest reference point for currency conversions.
Banks often add a markup to the mid-market rate. That markup is their profit margin.
Rates change continuously during market hours and are updated frequently throughout the day.
Forex markets are closed on weekends, but some providers apply wider spreads during that time.
The spread is the difference between the buy and sell rates. It represents the provider's profit.
Some providers add hidden exchange rate markups in addition to visible fees.
Some providers offer rate alerts or limit orders, but availability varies.
Often, sending in the destination currency reduces surprises because the recipient gets a guaranteed amount.
They typically have the highest spreads and fees. Online transfers are usually cheaper.
Yes. Fees depend on corridors, payment method, and local regulations.
There is no perfect time, but avoiding weekends and major news releases can reduce volatility.
The converter shows exchange rates. Fees depend on your provider and should be checked separately.
Use the converter for quick checks, then compare provider fees for the final transfer.
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