Currency Exchange

5 Responses to “What is the difference between the business and tourist currency exchange rates?”

1. Hibee Says:
   December 22nd, 2009 at 8:21 pm

   The Business rate is used in trading large volumes of currency. Most of us just get the rip-off tourist rate. Don’t go to Thomas Cooks…their rates are the worst. Hibee

2. anthony6343 Says:
   December 25th, 2009 at 2:41 pm

   The difference is business are large tranactions whilst tourist are small transactions. They can fluctuate every day Try for tourist exchange rates anthony6343

3. bejman Says:
   December 26th, 2009 at 11:21 pm

   The business rates are usually associated with the high volume high value exchanges and are similar to the interbank rate. The tourist rate is usually the retail rate the banks give to the public which is around the interbank rate + 4%. Currency trading markets are open 24/7 and therefore open to fluctuation all the time. However, for joe public buying holiday currency from their retail bank, the currency will only fluctuate once a day - the bank will fix the retail rate at a set time every business day and will remain fixed until the same time the following business day. bejman

4. moonwalker Says:
   December 30th, 2009 at 1:50 am

   go to kitco,bloomberg and advfn you can get exchange rate for most any country and many more sites if you look this should help you i use the three most every day just type the name. Their is a rate of exchange for commercial exchange like min. of a million or so $ which is a few fractions different from tourist rate. tourist rate is what the bank in the country will give you the official rate. casa de combo pay less. moonwalker

5. bootleg Says:
   December 30th, 2009 at 1:28 pm

   try wikipedia.org bootleg

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