Interbank rate forex

By using this website, you consent to the use of cookies in accordance with the CurrencyFair Cookie Policy. The interbank rate is essentially the rate at which banks exchange currencies with one another.

Wikipedia refers to it as the. The banks can either deal with one another directly, or through electronic brokering platforms. As you can see above, using the Exchange doubles your chances of beating the interbank. For a guide on how to give yourself the best chance, check out our Exchange Explained article.

InterBank Exchange Rates in Pakistan, Todays Inter Bank Currency Rates

At time of writing 1. However your bank would probably only give you a rate in the region of 1.

However with a CurrencyFair Auto-Transaction, you could get a lot closer to the interbank rate check out the current live rates here. Pretty impressive stuff, if we do say so ourselves! CurrencyFair Ltd is regulated by the Central Bank of Ireland.

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