Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do banks charge for exchanging foreign currency into us dollars?

banknotes Banks charge currency Dollars exchanging Finance foreign
0
10 Posted

Do banks charge for exchanging foreign currency into us dollars?

0 CommentsAdd a Comment

1 Answer

0
10

Exchanging foreign currency is actually buying and selling. Your bank buys the currency at a wholesale price, then sells it to you at retail (for profit).

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123