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Barclays foreign currency converter12/7/2023 ![]() The GBPEUR mid-market rate, at the time of quote was 1.1642, so the FX margin for Xe Money Transfer can be calculated as 0.87%. For the purposes of this comparison we have calculated the FX margin to be a percentage between each provider’s money transfer rate and the mid-market rate on Xe.com. The FX margin or spread is the revenue earned by the business when buying or selling the Foreign Currency. Any additional fees charged by the provider: These exchange rates were obtained online at 12:30pm on Monday 28th June 2021Ĥ. The time and date that the exchange rate was quoted: The quantities of Buy and Sell currencies:ģ. Transaction details are recorded and supplied to Xe, including: These were indicative at the time the comparison was made. As of April 2021, VisaNet has introduced an enhancement to currency conversion by applying the foreign exchange rate available at. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. ![]() These companies request and gather online money transfer quotes from XE and from a sample of banks for a specified transaction amount for defined currency pairs and within a 2 minute period. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. On a scheduled basis, Xe works with independent third-party market research companies to gather data on pricing and fees.
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