What do you mean by interbank rate?

What do you mean by interbank rate?

The interbank rate or interbank exchange rate is a financial concept used to express foreign exchange rates, which are paid by banks when they conduct currency trading with other banks. An alternate definition of the interbank rate refers to the interest rates charged on short-term loans made between two U.S. banks.

What is the bank rate in Ghana today?

Ghana Leaves Interest Rate at 14.5% The official interest rate is the Monetary Policy Rate (MPR).

How much is a dollar selling in Ghana?

Convert US Dollar to Ghanaian Cedi

1 USD 6.06713 GHS
5 USD 30.3357 GHS
10 USD 60.6713 GHS
25 USD 151.678 GHS

What is the interbank rate in Zimbabwe?


OMIR 0.00
USD / ZWL$ (spread) 90.07 – 175
USD / ZWL$ (interbank) 90.07
USD / BOND 0.00

What is the difference between open market and interbank rate?

The mid market rate is also known as the interbank rate. As it sounds, this is the rate that banks will use if they sell currency to each other. It’s figured out by taking the midpoint between the buy and sell rates used on the open market. This is the only real exchange rate.

What is 1 cedi to a dollar?

Currency ConverterCedi to Dollar – GHS/USDInvert

GH₵ $
Exchange Rate 1 Cedi = $0.1647 Dollar
Date: Bank Commission +/- 0% +/- 1% +/- 2% (Typical ATM rate) +/- 3% (Typical Credit Card rate) +/- 4% +/- 5% (Typical Kiosk rate)

How many dollars is 1000 RTGS?

Convert Zimbabwean Dollar to US Dollar

1,000 ZWD 2.76319 USD
5,000 ZWD 13.816 USD
10,000 ZWD 27.6319 USD
50,000 ZWD 138.16 USD

What are the bank rates today?

Today’s average mortgage and refinance rates by loan type

Product Interest Rate APR
30-Year Fixed Rate 3.150% 3.330%
20-Year Fixed Rate 2.990% 3.160%
15-Year Fixed Rate 2.410% 2.670%
7/1 ARM 3.090% 3.760%