Forex blog

What is a “spread”?

Objavljeno: 03.02.2013., u kategoriji Forex blog

As mentioned in the response before, “spread” is the difference between the buying and selling exchange rate. So, when you change foreign currency into Kuna, we take buying rate (exchange office buys), and when you change Kuna into foreign currency, we take selling rate (exchange office sales). As the selling rate is always higher than buying rate, exchange earns the difference.