answersLogoWhite

0

Why is there a need for currency exchange?

Updated: 8/21/2019
User Avatar

Wiki User

10y ago

Best Answer

Simply, to gain profit.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is there a need for currency exchange?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the current exchange rate of ther currency to the us?

Incomplete question as you need to specify which currency to get the exchange rate


What is the need for a system of currency exchange?

Platforms - MT4, MT5


Where can l exchange Budapest currency for us currency?

You can exchange Budapest currency for US currency at most banks that exchange foreign currency. You can also make this exchange at places like currency kiosks at international airports.


How do you exchange tickets for robux?

You can exchange them at the Currency Exchange. Go to "Catalog" and then click "Trade Currency"


Why do nations need a system of currency exchange rate?

Nations need a system of currency exchange rate in order to be able to tell the value of their currencies. The exchange rate is set again the price of gold in order to have some uniformity across all nations.


Can you exchange sterling in Moscow?

Yes, but you would need to be careful to deal only with banks or major hotels with currency exchange offices. Also, any legitimate currency exchange activities in Russia will require you to produce your passport.


Where can someone exchange Yugoslavia Dinars notes for Indian rupees?

where i need to exchange yugoslavia dinar into indian currency,what is the procedure


What exactly does a forex exchange mean?

I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from another country.


What is the currency and foreign exchange code of Bolivia?

The currency in Bolivia is Boliviano and the foreign exchange code of the currency is BOB.


Why do you need currency exchange?

Foreign Currency rates fluctuate based on the market forces of demand and supply. This means the rates can change at any given moment. We need a foreign exchange market to determine a value for each foreign currency and this would make it easier to exchange different currencies for one another.


What currency exchange?

Currency exchange is the process by which travellers can obtain currency by exchanging notes and coins from their country of origin for the local currency of their destination.


What is a good currency exchange rates calculator?

Google has a currency exchange rate calculator as well as xe, x-rates, and Go Currency. Alternatively there are currency exchange rate calculators located at malls where you can exchange one currency for another.