Foreign exchange rates determine the value of one nation's currency in terms of another (e.g. USD to EUR, GBP to USD, USD to JPY).
What is the Mid-Market Rate?
The mid-market rate (also called the interbank rate) is the midpoint between the buy (bid) and sell (ask) rates in global financial markets. It represents the real exchange rate without commercial markups.
Why Retail Rates Differ from Mid-Market
Banks, airport exchange counters, and credit cards add a spread markup (often 1.5% to 5%) on top of the mid-market rate to cover fees and profit. Pixlint uses mid-market rates updated daily so you can inspect pure market value.