How to Audit Your Currency Transfers in Under 60 Seconds
If you’re making international payments for your business, chances are you’re leaving money on the table. Most SMEs unknowingly overpay on FX transactions — not because of high fees, but because of hidden spreads and markups baked into the rate they receive.
The good news? You can now audit your currency transfers in under a minute, with complete clarity.
Why You Should Audit Your FX Costs
When your bank or broker quotes you an exchange rate, it usually looks fine at face value. But here’s what they don’t tell you:
That rate includes a hidden margin or spread (typically 1.5–3%)
Most platforms don’t break down the real cost or show what the mid-market rate was at the time
Over time, these hidden costs can amount to £5,000–£50,000 per year, depending on your FX volume
Unless you run the numbers manually, it’s impossible to know if you’re getting a fair deal.
How to Audit Your Currency Transfers in 3 Simple Steps
The fastest way to get clarity? Use the Glyde FX Cost Calculator — a free tool built for SMEs that uncovers what you’re really paying.
✅ Step 1: Enter Your Transfer Details Go to the FX Cost Calculator. Enter:
The amount you sent or received
The currencies involved (e.g., GBP to EUR)
The provider you used (e.g., HSBC, Revolut, Wise)
✅ Step 2: Get Your Real FX Cost The calculator shows:
The mid-market rate at the time
The rate you were given
The hidden spread or markup charged
Your effective total cost vs. what you should have paid
✅ Step 3: See What You Could Be Saving It benchmarks your transaction against real market data and shows how much lower your cost would be with Glyde — without the back-and-forth emails or demo calls.