currency exchange offices

[killbillgr21]

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

[FXEQBDRE]

Originally Posted by killbillgr21

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.

[henryduncan12]

Originally Posted by FXEQBDRE

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.

[PapiaKhatunAsha]

It's very tough to answer, but for sure I will talk about this with my broker FreshForex and then will let you know. Have a nice time.