> ## Documentation Index
> Fetch the complete documentation index at: https://glide-9da73dea.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Foreign exchange

> Glide quotes the live mid-market rate with zero spread. See the rate before you convert; no hidden margin.

Most banks make money on FX by adding 1–3% to the rate they quote you. Glide doesn't. We quote at the real mid-market rate — the rate that shows up on Reuters or Google — and charge a transparent transfer fee on top, if any.

## How conversion works

When you convert from one currency to another (USD to EUR, USDC to GBP, etc.), the dashboard shows you:

1. **The mid-market rate** — live from the global FX market, refreshed continuously.
2. **The amount you're converting** — in the source currency.
3. **The amount you'll receive** — in the destination currency, calculated at the mid-market rate.
4. **Any transfer fee** — flat or tiered by amount, published up front.

You see all four numbers before you confirm. No surprise margin baked into the rate.

## When conversion happens

Conversion is automatic in three situations and manual in one:

* **Automatic** — receiving in a currency you don't yet hold. The funds land in your destination currency at the mid-market rate.
* **Automatic** — sending in a currency you don't hold enough of. We pull from your nearest source currency and convert.
* **Automatic** — spending with your card in a currency that's not in your balance. We auto-convert from USD or your default currency at the time of authorization.
* **Manual** — you can convert any balance any time from **Convert** in the dashboard. Lock in a rate now without waiting for a transaction.

## Compare us to your bank

The [FX calculator](https://glide.co/fx-calculator) compares Glide's quote against:

* Your local bank's published rate.
* Wise, Revolut, Western Union, Remitly, Xoom, MoneyGram.
* The interbank mid-market for reference.

Same amount, same corridor, same day. The difference is usually 1–5% on a typical transfer.

## Rates we don't quote

Glide can hold and convert most major currencies. A few exotic corridors are restricted because their FX markets are illiquid or their currency controls make settlement unreliable. Those show as **"unavailable in your region"** when you try to add the currency. The list shifts as markets open up.

## What about stablecoins?

Stablecoins convert at the live mid-market rate against the corresponding fiat. USDC to USD is essentially 1:1 with a small basis-point spread that reflects the on-chain peg precision. USDT to USD likewise. Converting USDC to GBP applies the USD→GBP mid-market rate.

## No spread, ever

Glide commits to zero FX spread. If we ever change this commitment, we'd announce it before activation, not bury it in fine print. The published [pricing page](https://glide.co/pricing) is authoritative.

## Next

* [Send money](/money/send)
* [Limits and fees](/money/limits-and-fees)
* [Stablecoins overview](/stablecoins/overview)