Performance of Major Currencies vs GBP for March 2018

Did you know that each currency pair actually has two corresponding rates?
Two prices?! What?! Yes, that is right.

What does the exchange rate represent? Is the rate the amount of currency you have to pay or the amount of currency you will receive? How do you know which way around to read it?

The reality is that you are often purchasing the foreign currency at an inflated rate that masks a hidden fee.

The correct foreign exchange rate is the live rate quoted in the financial markets. The number quoted is the midpoint between the BUY and SELL rates for a currency pair and it is constantly changing. You can see this rate on our Markets page.