0
I want to exchange from currency. Will I need to pay a fee for it to the bank?
KevinWarnergp9299
No, banks do not charge any fee for currency exchange. It is one of the biggest benefits of getting foreign currency from the banks. Also, the foreign currency rates are very competitive in the banks much better than private money lenders.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoMaybe, though it's more common for the fee to be built into the exchange rate.
Add your answer:
Earn +20 pts
I want to exchange currency with a bank in UAE?
There are many banks that offer great foreign currency rates.
Where can you get a euro?
Well, you can try Europe... But if you don't want to travel, you can try a currency exchange center (sometimes at the bank) and exchange whichever currency you use to euros.
What do you need to do to change pounds into dollars?
If you have pounds and want to change them into dollars, you can visit your local bank. Most banks can exchange currency for you. You can call ahead to be sure. There are also places locally specifically for currency exchange. How many you have locally will vary based on where you are.
What is the value of 300 baisas?
The value of 300 baisas would depend on what currency you are trying to exchange it over to. I would recommend taking the coins to a currency exchange or a bank to get them transferred over to the correct currency you want.
What is a problem with exchanging currency?
There is no particular problem with exchanging currency. The problem is finding somewhere which will exchange the currency you have for the currency you want. If you are in a country, the easiest way is to go to the nearest bank cash machine and use your bank card (not credit card). This will dispense the local currency, and your bank will be charged that amount plus a small service charge. The currency conversion is done by your bank. Which exchange rate is used and whether you are ripped off is between your bank and you. If you want to change actual money, there are a number of places you can use: Exchanging physical money will nearly always be at a worse rate than using a cash machine. Always check the exchange rate before committing yourself to the transaction. - A "Bureau de Change". These are found at airports and in some tourist areas. - At a bank. You can do this either at a bank before you leave, or at a bank in the destination country after you arrive. If you do it at your bank they may have to order the currency.
Where can i exchange euros for dollars in Kansas City?
hello I'm rubikscube10111 if you want to trade in currency just visit your local bank !! if your bank doesn't accept it go to another one
Why can't you use different money from other countries in Canada?
You sure can, but because the value of all international currencies changes daily, you have to exchange it into Canadian currency at a local bank branch or a currency exchange agency at an airport. Shopkeepers and businesspeople don't want to bother trying to keep track of international exchange rates so they want you to use Canadian currency to simplify local business transactions.
What his Norways exchange rate?
Differs -depends on what day and what currency you want to exchange from.
How does one convert the currency conversion by date?
To convert currency by date you need a currency converter. Yahoo has one. Then type in the date you want and the time it will return the exchange rate for the currency you are trying to convert and the currency you are trying to obtain.
Where can i buy British pounds the money kind im going to London 7 weeks from now and I want to have money with me when I board my plane?
In London there are bank to exchange any money be it dollar, Naira, Rupes
How do you convert U.S. Dollars into other currency?
If you just want to know the value look up the exchange rate for the other currency. If you want to actually exchange for the other currency most banks can do it for you (or tell you of another bank in the area that can if they don't handle the currency you want themselves). If you have an ATM card that is accepted where you are going, you can draw out currency at the ATM's in foreign countries and usually get a better rate than at local banks. VISA and Master Charge are accepted in many foreign countries and give you a good rate.
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.
