How do we compare with credit cards?

 To put this into context, most credit card companies use the global mid-market rate + around 3% when you buy things abroad. That 3% is their built-in FX margin. So if the global rate is 1.31, a credit card might effectively give you 1.27 or 1.28 — meaning you pay noticeably more than the headline rate. By comparison, Algrano’s rates typically fall within ±2–3% of the mid-market rate, often better than retail or card conversions, while also reflecting forward pricing and risk coverage.