Flywire and its locally licensed partners offer competitive exchange rates that are often lower than bank’s rates.
It's important to compare your personal bank’s rate to Flywire’s rate, rather than to those found online. The exchange rates posted on many websites are "mid-market rates,” which are not always available to the average consumer.
Because exchange rates are in constant flux, please make sure to review and compare rates to each other within a time-frame of one to two hours, ideally.
A foreign exchange rate is the relationship (price) at which a pair of currencies can be bought or sold. For example, if the rate EUR to USD is 1.2285, then 1 Euro equals 1.2285 US Dollars. In comparison, the USD to EUR rate would be 0.814, and 1 US Dollar would equal 0.814 Euros. Rates are subject to fluctuations throughout the day.