What are the mid-rate and the interbank rates?

The rates that appear online are “mid rate” or “interbank rate” and they are an indicative rate halfway between the buy rate and the sell rate and are not the actual buy and sell rate.

Indigo FX will always seek to give a competitive rate close to these rates.

If there is an exchange rate you are trying to achieve, you can let us know and Indigo FX will watch the market for you and can transact or call if the rate is reached.