what does a currency exchange agency entail, if i wanted to exchange a currency?
MJ asked:
i want to exchange around 200 in malaysian money to australian money
i want to know what i have to do………….i.e do i pay for the exchange or do i just give them the money n they exchange with no charge etc….
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i want to exchange around 200 in malaysian money to australian money
i want to know what i have to do………….i.e do i pay for the exchange or do i just give them the money n they exchange with no charge etc….
April 4th, 2010 at 9:52 pm
Currency exchange is different for different locations. Some countries still have exchange controls, and you may need to go via the reserve bank. Most places I’ve visited have post offices, banks or travel shops that can offer currency exchange.
Normally you walk in with the local currency you want to exchange, they tell you how much you can get in foreign currency and let you know if there is a charge (or commission). If you like the deal, go for it - if not, shop around.
Hope that helps. capethistle
April 7th, 2010 at 8:09 am
currency exchanges charge a fee to exchange differing currency’s. try calling various banks to see what the exchange rate is. pick a bank that gives you a better exchange for your money whitemitten1234