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“Alliance Humanitarian Rates” by Ron Giles – 8.24.21

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Entry Submitted by Ron Giles at 3:10 AM EDT on August 24, 2021 Let’s talk about rates being “offered.” Rates offered or proffered for currency exchanges have been around for decades. Can you name them all from memory? Do you remember the bank’s backscreen rates compared to the front screen rates?  What about default rates? The default rates are rates you get when you don’t have a clue what this is all about.  Then there are the Contract rates. Who is the Contract with to provide you a rate by contract? A Bank? Was it the president of the bank? Was…

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