The exchange rate you see on the Internet is the market mid-market exchange rate. This is neither a buying price nor a selling price, nor a commercial bank’s exchange rate quotation to retail customers. The bank will use the buying price and selling price to determine the exchange rate and add a spread. Therefore, the exchange rate you find on the Internet is often different from the real available exchange rate.
When switching between landing accounts in different currencies, our exchange rate will be based on the quoted price of the partner bank, and an additional 10 basis points of spread will be added as price protection.