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Using OANDA Rates for Currency Conversion | OANDA

What is the difference between a buying and selling rate? Are you sure you want to delete this answer? Trending Now DeAndre Jordan Royal Ascot Dallas Cowboys Donna Vekic Hyundai Sonata Crossover SUV Braun Strowman Baron Corbin Zayn Malik Dentist.

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Buying rate is the rate to buy a curreny, selling is the rate to sell. If you had USD and wanted to buy GBP, you would use the buying rate. If you had GBP and wanted to sell them to buy USD, you would use the sell rate.

You want the buy rate to be high, so you get more currency for your money, and you want the sell rate to be low, to get more currency for your money. Will assume that you are referring to Foreign Currency Exchange Ey stock options and Selling Rate. The Selling Rate is the opposite i. To offset any fees, interest, risk, holding cost, etc.

The exchange rates does fluctuate up or down daily due to demand and supply of the foreign currency in the money market. During busy trading days, the exchange rate can change wildly by the hour. Difference between buy and sell rates foreign exchange but am a former banker. Discover home loan rates?

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What is the difference between buying and selling currency exchange rates? | Yahoo Answers

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