Media type · The exchange rate
FX margin
The provider's markup inside the exchange rate.
Key facts
| Hidden in | The exchange rate |
|---|---|
| Expressed | As a percentage |
| Zero-fee | Can still carry a margin |
| Compare | At the same moment |
| Effect | Reduces the landed amount |
The invisible fee
A provider can advertise “no fees” and still earn on the rate. The only way to see it is to compare the offered rate with the mid-market rate for the same pair at the same time.
Frequently asked questions
Is a smaller margin always better?
All else equal, yes. But check the fixed fee and the receiving fee as well.
Does the margin change with amount?
Sometimes. Larger transfers may get a better rate.