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  2. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency.

  3. Currency - Wikipedia

    en.wikipedia.org/wiki/Currency

    A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]

  4. Bureau de change - Wikipedia

    en.wikipedia.org/wiki/Bureau_de_change

    A bureau de change is a business which, in competition with other similar businesses, makes its profit by buying foreign currency and then selling the same currency at a higher exchange rate. It may also charge commission or fee on the purchase or sale.

  5. What banks exchange foreign currency? - AOL

    www.aol.com/finance/banks-exchange-foreign...

    Bank currency exchange involves more than a simple swap of one currency for another. Most banks that offer currency exchange deal with major global currencies and base their rates on current ...

  6. Foreign transaction fees vs. currency conversion fees: What ...

    www.aol.com/finance/foreign-transaction-fees-vs...

    Currency conversion fees, also called foreign currency exchange fees, come in two forms. Both involve charges for converting one currency to another during an international transaction.

  7. Where to exchange currency without paying large fees - AOL

    www.aol.com/finance/where-exchange-currency...

    Foreign transaction fees: If you’re withdrawing currency from a foreign ATM or making purchases with a credit card abroad, be aware of foreign transaction fees, typically around 1–3 percent.

  8. Foreign exchange market - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_market

    The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.

  9. Fixed exchange rate system - Wikipedia

    en.wikipedia.org/wiki/Fixed_exchange_rate_system

    A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver.