SPOT rate, sometimes referred to as mid-market exchange rate or interbank rate, is essentially the rate used in global financial markets.

It’s often much better than any of the rates offered by banks and other consumer foreign exchange services, typically undercutting them by 3% to 5%.

Why is all this important?
Well, simply because CashDash uses SPOT rate in quotes, offering you the best available terms for your overseas spending, and keeping you safe and sound from any potential hidden fees.