A Few Examples of How a Different Margin Could Affect Your Transaction Follow
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A few examples of how a different margin could affect your transaction follow: Interbank Exchange Rate (GBP/US: £1/$1.57) Margin 0% 0.01% (Interactive Investors) 0.5% (Saxo Bank) 1% 1.5% (iWeb) 2% 2.5% 3% Transfer Amount (£5,000) $7,850 $7,849 (-$1) $7,811 (-$39) $7,771 (-$80) $7,732 (-$118) $7,693 (-$157) $7,654 (-$196) $7,614 (-$235) Transfer Amount (£1,000) $1,570 $1,569.8 (-$0.20) $1,562.2 (-$7.8) $1,554.2 (-$16) $1,546.4 (-$23.6) $1,538.6 (-$31.4) $1,530.8 (-$39.2) $1,522.8 (-$47) The margin is applied to the Interbank Exchange Rate so that the final exchange you receive is not as good, example: Interbank Exchange Rate = £1/$1.57 Margin = 1.5% Exchange Rates and Transferring Funds – The Insiders Guide Written by Matthew Gilmour Wednesday, 08 February 2006 Getting the best deal on your foreign exchange transfer can mean you are thousands of dollars better off when you emigrate, and it’s ery sim!le to achiee" #aing wor$ed in the industry for %& years ' ho!e ' can !ass on some $ey !oints to readers who hae a transfer looming" Which provider? (he first and most im!ortant consideration is safety of your funds" (herefore you should use a ban$ or a regulated !roider" )egulations ary from country to country" *ome +urisdictions, li$e the -, do
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8/12/2019 A Few Examples of How a Different Margin Could Affect Your Transaction Follow
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