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True Market Rates on FXEthio

True Market Rates on FXEthio offer you a clear and transparent view of the actual exchange rate you will receive, including all applicable fees, taxes, and service charges.

What Makes True Market Rates Different?

When you exchange currency, you typically encounter two types of rates:

Market Rate: The base rate between two currencies, not accounting for additional costs.

Acutal Rate: The effective rate you receive after applying all fees, service charges, and taxes.

With FXEthio’s True Market Rates, you can:

  • See Exactly What You’ll Get: The displayed rate is the final rate after all costs.
  • Avoid Surprises: No hidden fees or unexpected reductions in value.
  • Make Informed Decisions: Choose the best exchange option confidently.

How True Market Rates Are Calculated

When you activate the True Market Rates feature on FXEthio, the platform automatically factors in:

  • Service Charges: Fees applied by banks or forex bureaus for processing transactions.
  • Currency Conversion Taxes: Applicable taxes on foreign exchange transactions.
  • Handling Fees: Costs associated with administrative or operational tasks.
  • VAT and Other Taxes: Additional taxes based on regulatory requirements.

When to Use True Market Rates

Activate True Market Rates when:

  • Comparing Rates: To ensure you're comparing the real exchange value between different banks or forex bureaus.
  • Budgeting: When planning expenses or remittances, you’ll have a clear picture of what your money is worth.
  • Avoiding Hidden Costs: To avoid surprises, especially for large transactions where small fees can add up.

How to Access True Market Rates on FXEthio

  1. Navigate to the Exchange Rates section.
  2. Toggle the "Show True Market Rates" switch.
  3. The platform will display the effective rate, including all fees and taxes.
  4. For a detailed breakdown, click on "Learn More" to see how fees and charges apply.

Terms and Conditions Apply

The True Market Rate reflects the current fees and taxes as provided by banks and forex bureaus. FXEthio strives to keep this information up-to-date, but rates and charges may vary based on institutional policies and regulatory changes. Always verify rates directly with the service provider.