What is the difference between currency exchange and currency speculation?
We exchange currency. To do this we help you manage the risk associated with exchanging one currency for another. And because this ‘buying and selling’ of currencies on behalf of our clients is done on such a large scale, we pass the better exchange rates on to you. Currency speculation, on the other hand, is about day trading to make a quick buck. (This is not what we do). The currency speculator is actually willing to take risk on. As a commercial client this is precisely the risk you want to avoid.
