Växlingspåslag
Växlingspåslag, sometimes translated as currency spread or exchange fee, refers to the difference between the buying and selling price of a currency when exchanging money. Financial institutions, such as banks and currency exchange bureaus, typically offer two rates for a given currency pair: a rate at which they will buy the currency and a rate at which they will sell it. The difference between these two rates is their profit margin, known as the växlingspåslag.
This spread exists because the exchange market is not perfectly liquid and institutions incur costs associated
When an individual exchanges money, they are essentially paying this spread. For example, if a bank offers