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  #1  
Old 06-11-2011, 00:24
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Join Date: Nov 2011
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Default currency exchange offices

Hello guys
I am new in the forum.I have some basic knowledge about forex.Although,I have an assignment to do for university and I need some help from the experts on this forum. My question is:where do the currency exchange offices supply money from? They sell on more expensive rates, so they need to get money with the current rate in stock market in order to make money from the spread.If you have any additional information I would like to tell me.
Please help me out
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  #2  
Old 06-11-2011, 13:29
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Join Date: Oct 2011
Posts: 6
Default Re: currency exchange offices

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Originally Posted by killbillgr21 View Post
Hello guys
I am new in the forum.I have some basic knowledge about forex.Although,I have an assignment to do for university and I need some help from the experts on this forum. My question is:where do the currency exchange offices supply money from? They sell on more expensive rates, so they need to get money with the current rate in stock market in order to make money from the spread.If you have any additional information I would like to tell me.
Please help me out
It depends on the Currency Exchange location. The ones at airports are pay much higher rents and give worse exchange rates. I think most are like ATM's, they have X units of each of the major currencies, and go to the national bank, finance ministry, or regulation agency to exchange currencies when they need to.
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  #3  
Old 28-11-2011, 11:23
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Join Date: Sep 2011
Posts: 63
Default Re: currency exchange offices

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Originally Posted by FXEQBDRE View Post
It depends on the Currency Exchange location. The ones at airports are pay much higher rents and give worse exchange rates.
No, Currency Exchange rate is decided on the basis of international Currency Exchange rate of that particular currency.
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