: The gap between these two rates. A narrower spread generally indicates a more competitive deal. How to Read the Board
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 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
: This is what you pay. It is the higher number. If you want to buy USD with your local currency, look here. The "Golden Rule" is that ; the difference
: 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.
