Currency Guides
Plain-English guides to exchange rates: what the mid-market rate is, why bank rates differ, and how to pay less when exchanging money.
What is the mid-market exchange rate? - The midpoint between global buy and sell prices, and why it is the benchmark for every currency exchange.
Why bank exchange rates differ from the mid-market rate - The hidden 1-5% margin banks, ATMs, cards, and kiosks add to the rate, and how to minimize it.