middle rate

Definitions

Banking

  • noun an exchange rate between the buy and sell rates for a foreign currency

Forex

  • The average of the prevailing bid and offer exchange rates for a particular currency pair. For example, if the bid rate in EUR/USD is 1.4000 and the offer rate is 1.4004, then the middle rate is 1.4002, which represents the average of 1.4000 and 1.4004.
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