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A wide variety of foreign money is exchanged. It really depends on what currency is being used, and how much of that currency is being used, and the value of that particular currency.
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∙ 11y ago
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Can you exchange foreign money without paying a commission?
If you are going to a bank to exchange foreign money you will pay a small fee. Most companies that exchange foreign money will charge a small commission.
Who would use foreign exchange trading?
Foreign exchange trading is done on the foreign exchange market and allows for conversion of currency. Participants include banks, corporations, and speculators.
Does navy federal do foreign money exchange?
No, they do not.
Do all banks exchange foreign money?
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:)
Importance of foreign exchange rate?
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
Can you exchange foreign money without paying a commission?
If you are going to a bank to exchange foreign money you will pay a small fee. Most companies that exchange foreign money will charge a small commission.
Who would use foreign exchange trading?
Foreign exchange trading is done on the foreign exchange market and allows for conversion of currency. Participants include banks, corporations, and speculators.
Does navy federal do foreign money exchange?
No, they do not.
What is difference between money market and foreign exchange market?
Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
Do all banks exchange foreign money?
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:)
Importance of foreign exchange rate?
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
How much will you get for foreign money?
Depends on the current foreign exchange rate. Ask your bank.
How does exchange foreign trading work?
Foreign exchange trading is the speculation and exchange of foreign currency according to the fluctuation in values. Trading is done via a foreign exchange broker. Currency is purchased at a good price, based on the expectation the value will rise against another currency.
Where can you exchange foreign money for American money?
At local banks and travel booth ect.
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.
How can you obtain money exchange licence in India for small money exchange of the tourists?
Can any one tell me what is the process to get a RBI license for setting up a small Money Exchange to buy and sell foreign exchange.
What describes what is done with foreign currency in the currency exchange market?
Bought and sold using different foreign currencies.
