FXplained
Check the true cost of an FX quote
Check the true cost of an FX quote: compare the quoted rate with the mid-market rate, calculate the exchange-rate margin and add separate transfer charges.
What is the mid-market rate?
What is the mid-market rate? Learn how this exchange-rate benchmark works, where to check it and how to compare an FX quote’s margin and separate fees.
Hidden FX fees on supplier payments
Find the hidden costs in overseas supplier payments, from exchange-rate margins and correspondent bank charges to receiving fees, SWIFT options, and rate locks.
Bank vs FX specialist
Compare banks, specialist FX brokers, and consumer apps by exchange-rate margin, fees, service, transfer size, and forward contracts for business payments.
How to read an FX quote
Learn how to read an FX quote by checking the rate, rate type, fees, value date, validity, and total amount payable and received against the mid-market rate.
UK bank FX margins compared
See the FX margin UK banks and payment providers publish on international payments, from 0.4% to 4%. Sourced from each provider's own pages, dated.