How is the exchange rate between tally and pounds determined?

Modified on Fri, 17 May 2024 at 01:01 PM

As with foreign currency exchange, there is a buy price and a sell price for gold bullion. However, given the global gold market’s high liquidity and super efficiency, the difference between gold’s buy/sell price is generally far better than foreign currency exchange rates.

TallyMoney uses the live global gold price, less a flat FX rate of 0.99% and a 0.5% gold handling fee,, irrespective of the GPB amount. Your tally in your TallyMoney Account is valued at the global gold price and there are no cards payments charges, nor transaction fees or margins when transferring tally out to your non-TallyMoney pounds account or to any other TallyMoney Account.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article