How do you calculate a bank charge vs a market exchange rate?
I'm trying to understand how to calculate the difference between a bank charge and the market exchange rate. I want to know the method or formula to compare these two rates.
What is a market exchange rate?
Could you please explain what exactly is meant by the term 'market exchange rate'? I'm interested in understanding how it differs from other types of exchange rates and what factors contribute to its fluctuation. Additionally, how does it impact individuals and businesses who are engaged in cross-border transactions? I'd appreciate it if you could provide a concise yet comprehensive explanation of this concept.