XE Trade - Frequently Asked Questions
No one can buy or sell at mid-market rates.
The mid-market rates shown on our main XE.com website and the information services are neither "buy" rates nor "sell" rates. Mid-market rates are derived from mid-point between the buy and sell rates of large-value transactions in the global currency markets.
Since "buy rates" and "sell rates" include overheads and profit margins that are set independently by each foreign exchange provider, they will vary depending on who you're talking to, and will always be different than the mid-market rate. Through our XE Trade service, we strive to offer the best buy and sell rates on every transaction.
When doing a conversion, our free currency information services always list the mid-market rate, since we can not know if you will be buying or selling a given currency. The mid-market rate is the most generally useful number, since it serves as a reliable, indicative value for the currency that is not biased towards buying or selling.
For your ease of use, our XE Trade service takes a simplified approach. We simply collect the information about your desired trade and quote you a price. This is specifically to avoid needless confusion.