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If you hold or trade in more than one currency, convert between USD, EUR, CHF, and GBP right inside your Winslow account, at rates built to stay honest and competitive.
Every currency conversion is priced from a mid market rate, the wholesale rate at which major banks trade currencies with each other, sitting midway between the buy and sell price. Retail banks typically add a markup on top of that mid market rate, often in the range of two to three percent or more, and that markup is frequently invisible, baked into the quoted rate rather than shown as a separate fee. Winslow shows you the mid market reference rate and our spread as two separate numbers before you confirm a conversion, so you can see exactly what the conversion is costing you rather than having to reverse engineer it from the rate alone.
Larger, bulk conversions, for example converting a significant trading payout from EUR back into USD, are generally priced more tightly than small day to day conversions, since the cost of executing a larger trade in the wholesale market does not scale linearly with size. If you know a large conversion is coming, it is worth flagging it to your relationship manager in advance so it can be priced and timed properly rather than run through the standard app flow.
Tell us a little about your business or your trading, and a relationship manager will walk you through everything from there.