0
yes all banks do. contact your bank and ask them they will probably tell you that they do exchange foreign money if you are planning on doing that then tell your bank and exchange some foregn money:)
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Do banks in Canada accept money from Venezuela?
Yes. Almost all major banks in the world accept money from foreign nations. They would accept the money and credit your local account with local currency money equivalent to the foreign currency money you deposited.
Is there an iphone app that will calculate foreign exchange rates?
Yes, there is an iphone app that will calculate foreign exchange rates. Citi banks provides that service in an app so you can check what the rates will be at all times.
What services does a Foreign Currency Exchange provide?
Foreign currency exchanges exist for the purpose of buying and selling world currencies. Banks, brokers, dealers, individual companies and central banks all participate in these markets. The main purpose is to gain a profit by buying a particular currency low and sell it at a higher price. Companies that do business overseas for example, will usually need Yen, to buy products from Japanese companies. Central banks buy & sell foreign currencies to influence the prices of currencies. Individuals can buy a currency for the use of the Euro-dollar should they chose to be in Europe for business or vacations. The major players in the foreign exchange markets, however, are large banks and large financial institutions.
Do all US banks now charge a fee for providing one with foreign currency?
Not all Banks charge for foreign currency, but most of the larger national banks do charge.
What is forex department?
The forex department is responsible for dealing with and managing the purchase and sale of foreign currencies and is a highly specialized business. All banks, private or state owned, have foreign exchange departments that work closely with the foreign exchange markets in each country trading with other financial centers worldwide. The greatest share of currency trading is specific to a banks own account although a small proportion will be on behalf of its personal customers
Do banks in Canada accept money from Venezuela?
Yes. Almost all major banks in the world accept money from foreign nations. They would accept the money and credit your local account with local currency money equivalent to the foreign currency money you deposited.
Is there an iphone app that will calculate foreign exchange rates?
Yes, there is an iphone app that will calculate foreign exchange rates. Citi banks provides that service in an app so you can check what the rates will be at all times.
Where can you exchange Mexican currency in Kansas City?
Many banks are able to exchange all kinds of foreign currencies. Also, the international airport has more than one kiosk for currency exchange.
What services does a Foreign Currency Exchange provide?
Foreign currency exchanges exist for the purpose of buying and selling world currencies. Banks, brokers, dealers, individual companies and central banks all participate in these markets. The main purpose is to gain a profit by buying a particular currency low and sell it at a higher price. Companies that do business overseas for example, will usually need Yen, to buy products from Japanese companies. Central banks buy & sell foreign currencies to influence the prices of currencies. Individuals can buy a currency for the use of the Euro-dollar should they chose to be in Europe for business or vacations. The major players in the foreign exchange markets, however, are large banks and large financial institutions.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
What role the commercial banks play in financial market?
Commercial banks offer services and facilities for people to manage their money, seek lines of credit, and invest the in the stock market. This allows the financial market run when money is circulated.
Do all US banks now charge a fee for providing one with foreign currency?
Not all Banks charge for foreign currency, but most of the larger national banks do charge.
Where is the foreign exchange in London?
The foreign exchange in London is located at a variety of places throughout the city. The London Foreign Exchange under the Bank of England, International Currency Exchange and Holborn Currency Exchange are all places a traveler can visit for their foreign exchange needs in London.
What is definition of foreign exchange market?
Foreign exchange is exchanging foreign currencies. The foreign exchange market assists international trade and investment by enabling the conversion of currency. In a typical forex transaction , one side purchases one currency for another. Currency trading is carried out on forex platforms, like eToro or Zulutrade. Fiding these platforms is usually done by searching the web for "forex", "foreign exchange", "trading forex, "trading online", and so on. Once a suitable platform is found, one can open an account and start trading. To learn more, it is advisable to look into the top forex websites, which have plenty of guides, turorials and useful information. ============================== Foreign Exchange refers to trading one type of money for the other in the FOREX market or foreign exchange market. Foreign exchange market deals with currencies; here you spend your own money to buy a foreign currency you want. Foreign exchange market offers services to many individuals, businesses and foreign investors. For individuals - if you are going to visit a country, then you need to exchange your country's currency into local country's currency for further expenditures. For businesses - if you're conducting business in overseas, then you must have a foreign bank account for exchange services. Because the bank will handle all the currency exchange services during money transaction. For investors - if you are investing money in different currencies, then you need foreign exchange service for investments.
What is forex department?
The forex department is responsible for dealing with and managing the purchase and sale of foreign currencies and is a highly specialized business. All banks, private or state owned, have foreign exchange departments that work closely with the foreign exchange markets in each country trading with other financial centers worldwide. The greatest share of currency trading is specific to a banks own account although a small proportion will be on behalf of its personal customers
How do you change out Japanese Yen to USD?
Go to your bank and ask if they will exchange your yen. Not all banks exchange foreign currency for US dollars. If they don't you may have to find a exchange booth at an airport or tourist area. I came back from Russia with Rubbles in 08 and just found a place recently to exchange them for dollars at Pier 39 in San Francisco. When I do this they will give me the current rate of exchange so I could gain money or lose money depending on the rate. I just figured they became a souvenir of my trip if I couldn't find a place to exchange them.
Where is a Foreign money exchange in Gainesville Florida?
I'm looking for the same thing. So far all I've found is Wells Fargo.
