Conversion Rate
The rate used to turn an amount in one currency into another, for example to show profits in your account…
In plain English
The rate used to turn an amount in one currency into another, for example to show profits in your account currency.
A conversion rate is an exchange rate put to work. If your account is in pounds and you trade USD/JPY, your profit arrives in yen and the platform uses a conversion rate to show it in pounds.
Banks and card companies often add a markup to their conversion rates, which is one way travelling costs you more than you think.
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