I was searching for the used of mid-market rates and it said it is the most accurate for currency calculator users. So what actually a currency calculator user mean? Are they placed in a company and perform certain tasks?
Thanks for the help guys.
Thanks itchy197, but i wonder isn't it If you are buying currency, the rate you get will be above the mid market rates, and if you are selling currency the rate you get will be below? Since I am currently doing it, and whenever I see the bank rate, it's bit lower then the mid market rate i got from the website. Thanks anyway^^
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March 28th, 2009 at 8:24 am
A currency calculator user is someone that uses a calculator to calculate an exchange rate for another currency. It could be you or anyone that uses it like Yahoo currency exchanger where you just put the total amount of money and currency and the currency in which you want to be changed to. There are some heavy users as they deal with different kinds of currencies and as everybody knows, currency exchange keeps on changing as stock markets do.
March 28th, 2009 at 8:24 am
mid market rates are the rates banks use to trade between each other. If you are buying currency, the rate you get will be under the mid market rates, and if you are selling currency the rate you get will be above.
http://www.foremostcurrencygroup.blogspot.com/