What is IBR? How is it applicable in forex trading?

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Gerardo Padilla
Answered 1 month, 3 weeks ago
<p id="isPasted">In Forex trading, IBR stands for Interbank Rate, which is the exchange rate at which banks trade currencies with each other. It's essentially the "wholesale" exchange rate, and it's important because it serves as a benchmark for other exchange rates used in retail transactions, including those offered by currency exchange services and forex cards.&nbsp;</p><p><br></p>