Every remittance app quotes you a number, but very few explain where it comes from. Here is the whole picture, in plain language.<\/p>\n
Banks and currency brokers trade EUR against XAF at what is called the interbank or “mid-market” rate \u2014 the price large institutions pay each other, with no markup. On any given day this rate moves slightly as currencies are bought and sold around the world. Think of it as the real, wholesale price of a euro in francs.<\/p>\n
A “spread” is a hidden markup baked directly into the exchange rate rather than shown as a separate fee. If the interbank rate is 655.96 and a provider quotes you 644, they have quietly kept the difference \u2014 often 1.5% to 4.5% of your transfer \u2014 without it ever appearing as a line item. This is how some apps can advertise “no fees” while still taking a meaningful cut.<\/p>\n
Katika buys currency one point above<\/strong> the daily interbank rate, rather than below it. If the market rate is \u20ac1 = 655.96 XAF, your family receives 656.96 XAF per euro \u2014 and that full rate is shown before you send a single franc, with no spread subtracted afterwards.<\/p>\n A single point looks small on one transfer. Spread out over a month of rent, school fees and groceries sent home, or compared against a competitor’s hidden 3-4% spread, it adds up to real money landing in your family’s account instead of disappearing into someone else’s margin.<\/p>\n Once you compare on that basis, the provider with the best total<\/em> outcome \u2014 not just the lowest advertised fee \u2014 becomes obvious.<\/p>","protected":false},"excerpt":{"rendered":" The daily rate, the spread, and the one point Katika adds \u2014 explained without the jargon.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6059","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"_links":{"self":[{"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/posts\/6059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/comments?post=6059"}],"version-history":[{"count":0,"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/posts\/6059\/revisions"}],"wp:attachment":[{"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/media?parent=6059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/categories?post=6059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/katika.co\/fr\/wp-json\/wp\/v2\/tags?post=6059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why one point matters more than it sounds<\/h2>\n
How to check any provider’s real rate<\/h2>\n
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