Determining the best time to send money is reliant on market fluctuations, but the crucial benchmark is the mid market rate. This rate is the true, interbank value of a currency pair, representing the rate before any service fees or margins are applied. OFX aims to provide rates extremely close to this mid-market figure, making their service a far more cost-effective solution than banks, which often add a much larger margin on top.
When is the best time to send money, and what rate should I look for?
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