What it means
The difference between the market exchange rate and the rate a bank actually gives you. It's a hidden cost of converting money.
Banking
FX Margin
The difference between the market exchange rate and the rate a bank actually gives you. It's a hidden cost of converting money.
CategoryBanking
Pro tip inside1 quick win
What “FX Margin” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
The FX margin is the difference between the market exchange rate and the rate a bank or exchange house actually gives you.
Why it matters
It is a hidden cost that is often bigger than the transfer fee.
PRO TIPAsk: "How much will arrive?" — that number includes the margin.
Test yourself
Which of these best describes FX Margin? Tap an answer.
Read more about FX Margin
Guides that use this term — and a tool to put it into practice.
