When you pay in GBP but the producer is paid in USD, Algrano must:
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Pay the producer in USD, often before receiving your GBP payment
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Manage the time gap and currency risk between those two payments
To do this, we use the forward rate — what the market expects the exchange rate to be when we’ll receive your payment (typically in 3–6 months).
This forward rate depends on:
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The current spot rate (today’s rate)
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The interest rate difference between the UK and the US
That means our rate may be slightly higher or lower than the live rate you see online, depending on market conditions.