Even if he doesn't base his rate on XE, if he's following the forex rates in general then there'll be correlation between his rates and xe's rates.
obviously.....
the bank of israel sets the yetzig daily. when i refer to the xe rate, i mean the rate at the time im transferring, since we all know the rate fluctuates throughout the day.
when i called this particular fellow, he quoted me a rate that happened to be 2 points off the xe rate and told me he doesnt take the current rate into account = his rate has nothing to do with the xe rate
the guy i change with gives me 2 points off the rate at the time of exchange.
as i will be changing large quantities in the near future, im seeking something better