What are the mid-rate and the interbank rates?
The rates that appear on many internet sites and Teletext as "mid rates" or "interbank rates" only apply to amounts over £5,000,000.
They are an indicative rate halfway between the buy rate and the sell rate and no-one can trade at these rates.
We will quote you an exchange rate closer to these mid rates than any other company. If there is an exchange rate you are trying to achieve, we will watch the market for you and can transact or call if the rate is reached.
You can see indicative exchange rates on our currency converter, but please note that these are interbank rates for amounts over £5,000,000. Smaller amounts will get slightly different rates.