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Many major banks and financial companies such as Wells Fargo, Citibank, and American Express allow customers to purchase foreign currency online. One can also go to websites like Travelex, Foreign Money, and eZforex that specialize in the sale of foreign currency.
Yes, Yes it does.
A currency from a country in which you don't reside. For instance, to an American, a peso would be considered foreign currency. To a Mexican, a penny would be considered foreign currency.
Currency trading is buying foreign currency and converting it to your currency. Foreign currency when converted to US currency is worth more than the American dollar. In order to do this you need to know the exchange rates.
No, everyday stores and such will not accept foreign currency. I do know that most airports and some banks will convert foreign currency into American currency, but their is usually a hefty fee associated along with it!!
One can exchange or order various forms of foreign currency at an airport, at some ATM's, and in banks. For certain currencies, you may need to order it in advance.
When a bank exchanges one kind of currency for another kind (for example, American dollars exchanged for Euros) that is a service that they are doing for you, and they charge a fee for their services. That is called a foreign currency fee.
Very little. The currency of France is the Euro. Very few shops will accept foreign currency.
An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)
The best place to convert your dollars to yen is right at the airport; they have bank offices specifically for this. Outside of the airport, the best place to do this will be any bank branch.
Call the main branch of the Bank of America in Fond du Lac. The bank may accept some foreign currency, but it is likely they do not accept all world currency. Depending on what kind of currency you have and how much you have, you may not be able to get it changed immediately. An American Express office (Chicago) is probably your best bet.
Many banks are able to exchange all kinds of foreign currencies. Also, the international airport has more than one kiosk for currency exchange.