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16-Apr-2019 21:58

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The mid-market rate is a good benchmark because it’s the rate that banks and currency exchange services typically get when they buy currencies themselves.

However, many international payment providers don’t pass this exchange rate on to their customers.

Instead, they add a markup or margin to the rate they use, and keep the difference as their profit.

May 2007 saw the formation of Clyde Pumps through the acquisition of Weir Pumps, a long-standing engineering company with roots dating back to 1871.

Following was the acquisition of Union Pumps in November 2008, which formed Clyde Union Pumps.

The mid-market rate is a good benchmark because it’s the rate that banks and currency exchange services typically get when they buy currencies themselves.

However, many international payment providers don’t pass this exchange rate on to their customers.

Instead, they add a markup or margin to the rate they use, and keep the difference as their profit.

May 2007 saw the formation of Clyde Pumps through the acquisition of Weir Pumps, a long-standing engineering company with roots dating back to 1871.

Following was the acquisition of Union Pumps in November 2008, which formed Clyde Union Pumps.

The updated BB5 meets the industry's current challenges of needing efficient, bespoke solutions.