FX Spread
An FX spread is the difference between the buy and sell exchange rates for a currency pair. It represents a built-in cost of converting money between currencies.
Banks and payment providers add a markup over the mid-market rate, which can increase the cost of cross-border transfers. The spread can vary based on currency liquidity and transaction size.
Related Terms
Cross-Border Payment
A cross-border payment is a transfer where the payer and payee are in different countries or currenc...
Remittance
A remittance is a transfer of money, often sent by individuals to family or businesses in another co...
Wire Transfer
A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...
USD
United States Dollar
USD is the official currency of the United States and its territories. It's the world's primary rese...
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