How competitive is the daily FX offering?

The question in full

At Faisal Khan & Co., we define competitiveness as the 'Spread Over Mid-Market.' While retail banks might charge 3% to 5% markups, a professional daily FX offering through a Tier 1 RaaS provider or liquidity partner should range from 0.15% to 0.75%, depending on the corridor's liquidity (e.g., USD-MXN vs. USD-NGN).

Answer

As per RAAS (without a payout partner), the rates as provided by the sponsor would be applicable. The main settlement is always in US Dollar. The FX gains is that of the RAAS customer and the Payout Partner in question, which varies.

How competitive is the daily FX offering?

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