What is the Mid-Market Rate?

Mayfair FX helps understand the mid-market rate and why it is important

The mid-market rate has many names and is also known as:

• Market Rate
• Inter-bank rate
• Bank rate
• Currency rate
• Real exchange rate
• Spot rate
• and the list continues…

By definition, it is the midpoint between Buy & Sell market rates.

For example:

Why is the mid-market rate important?
If you know the mid-market rate and the rate you receive from your Foreign Exchange provider you can check if you are getting a good & fair deal.

For example if you are looking to Buy £100,000 Pounds worth of Euro’s from your traditional currency provider and you know the below:

Mid-market rate GBP/EUR: 1.4150

Currency Provider BUY rate: 1.3725

You can now calculate the currency provider has taken a margin of 3% which means it has cost you £3,000.

How can Mayfair FX help?

• Show you the mid-market rate on every transfer
• Gives you access to both Spot or Forward contracts
• Offers you a small FX margin ‘Spread’ compared to traditional FX providers
• No hidden fees or charges
• Online platform to check & book currency rates 24/7
• Hassle-free registration

How to get in touch?
Call – 0203 66 77 345
Email – team@mayfairfx.com with subject ‘Import/Export’
Website – https://www.mayfairfx.com/register/