Hi, Mark up rate is something that is applied by the money transfer services who help in currency conversion. So in your case The FX mark up rate that was applied was 1% . Because of this mark up rate, the final amount the receipient will receive is 1.63 where as the original amount receipient would have received prior to applying mark up rate was 1.65. Hope this helps ! Please let us know if you have any further questions. Thank you !
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