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Currency Converter FAQ

Common questions about exchange rates and transfer costs.

What is the mid-market exchange rate?

It is the rate banks use when trading with each other. It is the fairest reference point for currency conversions.

Why do bank rates look worse than online rates?

Banks often add a markup to the mid-market rate. That markup is their profit margin.

How often do exchange rates change?

Rates change continuously during market hours and are updated frequently throughout the day.

Do rates change on weekends?

Forex markets are closed on weekends, but some providers apply wider spreads during that time.

What is a spread?

The spread is the difference between the buy and sell rates. It represents the provider's profit.

Why is my transfer fee higher than expected?

Some providers add hidden exchange rate markups in addition to visible fees.

Can I lock an exchange rate?

Some providers offer rate alerts or limit orders, but availability varies.

Is it better to transfer in local or foreign currency?

Often, sending in the destination currency reduces surprises because the recipient gets a guaranteed amount.

Are airport exchange kiosks good value?

They typically have the highest spreads and fees. Online transfers are usually cheaper.

Do transfer fees vary by country?

Yes. Fees depend on corridors, payment method, and local regulations.

Is there a best time to transfer money?

There is no perfect time, but avoiding weekends and major news releases can reduce volatility.

Does this tool include fees?

The converter shows exchange rates. Fees depend on your provider and should be checked separately.

Compare rates instantly

Use the converter for quick checks, then compare provider fees for the final transfer.

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