You might be able to exchange the money at an American Express office or the central headquarters of a large bank. Otherwise, you will probably have to conduct this business in Chicago or St. Louis. The amount and type of currency you have will make a difference in terms of the number of options you have. Keep in mind that you will be assessed a fee for changing the money, so if you have only a small amount, it might not be worth the trouble.
where can i exchange foreingmoney at
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.
No, they do not.
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:)
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
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.
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.
No, they do not.
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.
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:)
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
Depends on the current foreign exchange rate. Ask your bank.
At local banks and travel booth ect.
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.
Maybe. Some currency they don't exchange. I had Russian rubles and they wouldn't exchange them.
You can loose high your money if you do not using best money management and psikology.
Foreign exchange market
Nowadays anybody anywhere with money to spare can participate in currency exchange