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Express mail is an expedited mail delivery service for which the customer pays a premium for faster delivery. Express mail is a service for domestic and international mail, and is in most nations governed by the country's own postal administration. Since 1999, the international express delivery services are governed by the EMS Cooperative. [1]
For example, suppose that the spot price on a particular day is €1.50 to £1. Theoretically, an average consumer could exchange £2 and receive €3 (or vice versa), but in practice they would find it very hard if not impossible to secure such a rate. On that same day, a bureau de change might buy £1 for €1.40 and sell £1 for €1.60.
FedEx offers next-day air delivery to many EU countries. Cheaper 'by-road' options are also available, varying from two days' delivery time (such as France), to up to a week (former USSR countries). Large couriers often require an account to be held (and this can include daily scheduled collections).
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.
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A postman collecting mail for delivery. The mail or post is a system for physically transporting postcards, letters, and parcels. [1] A postal service can be private or public, though many governments place restrictions on private systems.
Canada Post's Registered Mail service provides the sender with a mailing receipt, and upon delivery of the item, with the delivery date and a copy of the signature of the addressee or the addressee's representative. Registered Mail may include lettermail, documents, valuables, and literature for the blind, but does not include parcels.
First day cover of the Alexander Graham Bell issue of 1940. A first day of issue cover or first day cover (FDC) is a postage stamp on a cover, postal card or stamped envelope franked on the first day the issue is authorized for use [1] within the country or territory of the stamp-issuing authority. Sometimes the issue is made from a temporary ...