At FX Rate Insights, our mission is to empower individuals and businesses by shedding light on the hidden costs of foreign exchange transactions. In the complex world of currency exchange, the disparity between the wholesale rates—the rates at which banks and non-bank providers acquire currency—and the rates offered to customers can often be obscured. This lack of transparency can lead to significant costs, with providers earning substantial margins on each deal. We exist to bridge this gap, providing clear and actionable insights into how much banks and other providers are profiting from these transactions. By revealing the true cost of currency exchange and comparing it to the wholesale rates, we help you make more informed decisions, ensuring you get the best possible value for your money.