0
Where will someone get the best exchange rate when buying foreign currency?
Wiki User
∙ 10y ago
Paying more than one needs to when exchanging currency is a terrible waste of money. Someone can get the best exchange rate when buying foreign currency by visiting a bank because banks likely will have the best exchange rates.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is Forex Services?
forex is Foreign Exchange (buying and selling of foreign currency)
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
what is trading and what are the types of trading?
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.
What is online currency trading?
It is the act of buying foreign currency over the internet, through different companies. It is called forex, or foreign exchange market. It is any currency traded over the internet. essentially, it is the simultaneous trading of foreign currency.
What is foreign exchange operation?
The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.
What determines the foreign currency value against Indian currency?
The foreign currency against domestic currency is the buying and selling
What does it mean by buying TT or OD or selling TT or OD in foreign exchange?
TT - telegraphic transfer OD - on demand, i.e. currency notes Buying TT or OD = bank buying from you Selling TT or OD = you buying from bank
What is foreign exchange market and who are the major players in it?
Foreign exchange refer to the act of exchanging one country's currency by a different country's currency. The foreign exchange rate represents the price of one currency in relation to another currency.
How do you get the best exchange rate when buying foreign currency?
The world's largest cryptocurrency exchange ht tps: // e xe. io / p0CK7l (remove spaces and paste it into your browser)
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.
What are the basics of currency trading?
To understand the basics of currency trading, one must learn about the foreign exchange market, or 'forex' for short. Trading currency is always done in pairs, EUR/USD, because you're always buying one and selling the other.
What is Two way exchange quotes?
The buying rate & selling rate in foreign exchange market.
