22 May 2022
A currency exchange is a business that has the legal right to exchange one currency for another to its customers. Also referred to as a foreign exchange market and a bureau de change. 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.
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