Currency Exchange Rate
A currency exchange rate is the value at which one currency will be exchanged for another currency. This affects both trade and the movement of money between countries.
The majority of exchange rates are defined as floating exchange rates and will rise or fall based on economic factors. Some exchange rates are pegged or fixed to the value of a specific country’s currency, especially in certain emerging market economies.
What is MillTechFX?
We provide access to a transparent marketplace for comparative FX execution from up to 15+ counterparty banks, while harnessing a unique and significant pricing efficiency for our clients and reducing their operational burden. In addition, MillTechFX provides clients with full transparency of execution via independent TCA reporting.