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rates
Extreme greed, thinner books: why swap rates get worse in a rally
A rising market does not mean a better exchange rate. Five things move against you at once — spread, reserve, rate age, network fee and the fixed-rate premium. Here is each one, and what to do about it.
Fixed or floating: how to pick a rate type without overpaying
A fixed rate is insurance, and like all insurance it has a price. Here is how to work out whether the premium is worth it for your trade.
What an exchange rate hides
Three services quote the same pair within 0.2% of each other and pay out amounts that differ by 4%. Here is where the difference goes.