: The gap between these two rates. A narrower spread generally indicates a more competitive deal. How to Read the Board
: The price at which a bank or money changer buys foreign currency from you. If you have leftover foreign money from a trip, this is the rate you use to get your local currency back. buy and sell currency rates
When looking at an exchange board, providers often use the perspective of "We" (the institution): : The gap between these two rates
Understanding buy and sell currency rates is essential for travelers and traders to ensure they get the best value. The "Golden Rule" is that ; the difference between them, known as the spread , represents the profit margin for the exchange provider. Core Definitions If you have leftover foreign money from a
: The price at which the bank sells foreign currency to you. This is the rate you pay when you need foreign cash for an upcoming trip.
