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Agio is the term for the premium on money in a currency exchange.

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10y ago

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What does the term exchange money mean?

Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.


What does the term exchange means?

Exchange money means that somebody change a currency into an other currency. This can be done at a bank or a money exchange shop. An exchange is often required at a visit of an other nation which use an other currency.


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.


How can one make money with currency exchange?

One can make money with currency exchange by buying a currency when its value is low and selling it when its value is high. This involves predicting currency fluctuations and taking advantage of the differences in exchange rates to make a profit.


How can one make money on currency exchange?

One can make money on currency exchange by buying a currency when its value is low and selling it when its value is high. This involves predicting and taking advantage of fluctuations in exchange rates to make a profit.


What is the current exchange rate between the US dollars and the Egyptian money?

http://www.oanda.com/convert/classic NOTE: Remember that banks will charge you a premium of about 3% on this rate when you change the currency.


What does currency exchange mean?

it means that currency (money) is changing throughout different courtries.


Can you use US money in Poland?

No, you can't use US money in Poland. The only currency which is allowed is polish zloty, which is Polish currency. There are a lot of exchange places where you can exchange your money into Polish money tough. :)


Why is it possible to make money in the currency exchange market?

Exchange rates are always fluctuating.


Is it possible to make Money in the currency exchange market?

Exchange rates are always fluctuating.


What best describes the exchange of currencies?

In currency exchange, money from one country is bought using money from another country.


What does currency exchange rate mean?

it means that currency (money) is changing throughout different courtries.