What is Mighty FX Rate?
What is the Mighty FX Rate and what kind of transactions particularly can I perform on the Mighty FX?
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Mighty FX Rate is a preferential exchange rate based on the prevailing interbank market rate and the Bank's spread, as determined by the Bank in its sole discretion. The Mighty FX Rate is only applicable to the conversion of currency via Mighty FX in the UOB Mighty app. The Mighty FX Rate is not available if you convert, pay, or transfer funds outside of Mighty FX. All Mighty FX Rates show you directly how much one unit of a currency can be exchanged for in another currency. For example: To convert SGD to USD, Mighty FX Rate quotes as 0.7344. For every 1 SGD converted, you receive 0.7344 USD. To convert USD to SGD, Mighty FX Rate quotes as 1.3616. For every 1 USD converted, you receive 1.3616 SGD. You may choose to convert currency instantly (Convert Currency Order), or set your preferred exchange rate and be notified or automatically converted when preferred rate is met (Alert Me Order).