How are youtrip's wholesale exchange rates managed?
Could you please elaborate on how YouTrip manages their wholesale exchange rates? I'm particularly interested in understanding the mechanisms in place to ensure that the rates offered to customers are competitive and transparent. Additionally, are there any factors that influence the setting of these rates, such as market conditions or fluctuations in the value of currencies? And how does YouTrip ensure that their rates remain favorable compared to those offered by other financial institutions?
What are wholesale exchange rates?
Could you please elaborate on what wholesale exchange rates entail? Are they significantly different from the retail exchange rates that consumers typically encounter when exchanging currencies? If so, how are they determined and who typically benefits from them? Are there any specific industries or sectors that rely heavily on wholesale exchange rates? Additionally, what factors might influence fluctuations in these rates, and how do they compare to fluctuations in retail exchange rates?