What is the mid-market exchange rate?
It's the midpoint between the price at which a currency is being bought and sold on the global interbank market at a given moment. It's the rate you see quoted on financial news and the rate banks trade at between themselves. Consumers almost never get this exact rate — providers add a margin — which is precisely why it's the right benchmark for comparing offers.
How often are the rates on TheRateNow updated?
Our data feed refreshes regularly throughout the trading day. Each conversion shows the timestamp of the last update. Currency markets are open around the clock from Monday to Friday; on weekends rates stay at Friday's close.
Why do different websites show slightly different rates?
There is no single official world exchange rate. Different data providers sample the market at slightly different moments and from different sources, so small discrepancies (usually a fraction of a percent) between reference sites are normal. Large gaps, however, usually mean one site is showing a retail rate with a margin built in.
Can I get the mid-market rate when I exchange money?
Rarely as a consumer, but you can get close. Specialist money-transfer services and some fintech cards charge a small transparent fee over the mid-market rate instead of hiding a large margin inside the rate. Comparing any offer against the mid-market benchmark on this site shows you the true total cost.
Does TheRateNow support cryptocurrency rates?
Our focus is fiat currencies — over 100 of them. We currently don't publish crypto rates, since those vary significantly between exchanges and deserve dedicated tooling.
Are historical exchange rates available?
Right now the site shows live rates. Historical charts are on our roadmap; in the meantime, our blog covers how to think about rate trends and timing in articles like the guide to currency risk for small businesses.
Is TheRateNow affiliated with any bank or transfer service?
No. We are independent, we don't process transactions, and we don't take commissions from financial providers. The site is funded by display advertising, which is clearly distinguishable from our content.
Can I embed or reuse your rate data?
The rate data displayed on the site is licensed from our provider for display here and can't be redistributed. If you need raw data for your own project, the provider linked in our footer offers developer plans.
How should businesses use these rates?
As a benchmark: for pricing exports, sanity-checking supplier invoices, comparing bank FX quotes and doing quick management math. For official accounting or tax purposes, use whichever rate source your jurisdiction mandates (many tax authorities publish their own monthly or daily official rates).
How do I report a bug or wrong figure?
Email [email protected] or use the contact form, ideally with the currency pair, the value you saw and the time. We'll check it against our provider's records and fix anything that's off.
Didn't find your answer? Contact us — we usually reply within one business day.