RMO sets currency exchange rates that are designed to be more competitive than typical big-bank and airport-kiosk rates. The exact rate depends on the currency, the amount, and current market conditions.
How exchange rates are set:
- RMO uses a published wholesale market rate (the "interbank rate") as the starting point.
- A markup is added that varies by currency and transaction size — major currencies (EUR, GBP, JPY, CAD) carry tighter markups than less-common currencies.
- The final quoted rate is shown to you before you complete the transaction.
How RMO compares:
- Big-bank branches: typical 4–7% markup over interbank rate, plus possible per-transaction fee.
- Airport kiosks: typical 8–15% markup — usually the worst available rate.
- Standalone currency-exchange centers: 3–6% markup with widely varying fees.
- RMO target: competitive with the better end of bank pricing for members, with transparent quoting before you commit.
Fees you may see:
- A flat per-transaction fee on smaller orders (waived above certain thresholds for some tiers).
- Shipping or pickup-handling fee on online orders, where applicable.
Exact rates and fees are quoted at the time of transaction. Rates change continuously based on market conditions.