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The company operates ABTA Travel Money [13] and NatWest Travel Money. [14] The company also offers a multi-currency prepaid debit card through Mastercard's Cash Passport brand. [15] Eurochange also offers a travel money buy-back service, where customers can sell their unused currency after a holiday back to the company for a fee of £4 for 30%.
Foreign exchange option – the right to sell money in one currency and buy money in another currency at a fixed date and rate. Strike price – the asset price at which the investor can exercise an option. Spot price – the price of the asset at the time of the trade. Forward price – the price of the asset for delivery at a future time.
Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough, United Kingdom.Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance.
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In finance, a foreign exchange swap, forex swap, or FX swap is a simultaneous purchase and sale of identical amounts of one currency for another with two different value dates (normally spot to forward) [1] and may use foreign exchange derivatives. An FX swap allows sums of a certain currency to be used to fund charges designated in another ...
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.
Around 100 bureaux de change and travel money hubs are available in Marks & Spencer stores across the UK, offering facilities to sell and buy up to 40 currencies. The bank also offers a click and collect money service allowing Euro and US Dollars to be ordered online and collected from most other Marks & Spencer stores. [16]
Around 25% of currency transfers/payments in India are made via non-bank Foreign Exchange Companies. [5] Most of these companies use the USP of better exchange rates than the banks. They are regulated by the Foreign Exchange Dealer's Association of India (FEDAI) and any transaction in foreign exchange is governed by the Foreign Exchange ...