Are the exchange rates within Currency Calculator buy, sell or mid-market rates?
Currency Calculator employs the use of what is called mid-market rates. These rates are not buy or sell rates – they originate from the middle point between the buy and sell rates of large currency exchanges in the global currency markets because buy and sell rates include overhead costs and profit margins that are set independently by each foreign exchange and change depending on the specific transaction and the parties involved. Therefore, the middle market rate is the most accurate for users of Currency Calculator users as this rate cancels out these costs and profits, leaving a rate that is the most pure rate for everyday use.
