Cool. Unfortunately I need AUD and CAD, so I'm out of luck :)
I knew that XE made money on a spread of sorts, but I thought that it was more related to the fact that between the time they offer me a rate and the time it takes to do the transfers, they've been able to work the fluctuations to their advantage.
I guess I see it as different to the 'the rate we offer you is not the actual rate' type spread. I mean, it's different in that they offer me a 'spread-less rate' but they end up with the spread due to the time it takes to make the transactions.
Assuming I'm correct about my understanding of how XE makes money (and please correct me if I'm not) then out of curiosity, are both of these processes equally considered to be a spread, or is one a more 'traditional' example than the other? Hopefully that question makes sense!
I knew that XE made money on a spread of sorts, but I thought that it was more related to the fact that between the time they offer me a rate and the time it takes to do the transfers, they've been able to work the fluctuations to their advantage.
I guess I see it as different to the 'the rate we offer you is not the actual rate' type spread. I mean, it's different in that they offer me a 'spread-less rate' but they end up with the spread due to the time it takes to make the transactions.
Assuming I'm correct about my understanding of how XE makes money (and please correct me if I'm not) then out of curiosity, are both of these processes equally considered to be a spread, or is one a more 'traditional' example than the other? Hopefully that question makes sense!