What is The Mid-Market Exchange Rate?

The Mid-market rate, also known as the interbank rate or spot rate, is the theoretical mid-point between buyers and sellers of a currency and is the rate used in global financial markets, although even banks and large institutions can’t get quite this rate!

To find out what the mid-market exchange rate is at any time, websites such as www.xe.com provide very close approximations of the rates trading in the interbank market.

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