Currency Exchange

A business that allows customers to exchange one currency for another currency. A currency exchange may be a stand-alone business or may be part of the services offered by a bank or other financial institution. The currency exchange profits from its services either through adjusting the exchange rate or taking a commission.

Also referred to as a foreign exchange market and a bureau de change.

The exchange rate that a currency exchange quotes is typically close to the spot rate, although the exchange will adjust this rate somewhat to ensure that it makes a profit on the transaction. Because the transaction is not conducted at the spot rate, and depending on the profit that the exchange wants to make, consumers may find that it is less expensive to incur ATM or credit card fees at the foreign destination, rather than use exchange services ahead of time.

Investment dictionary. . 2012.

Look at other dictionaries:

  • currency exchange — UK US noun ► [C] MONEY an office where you can change one currency into another: »There are currency exchanges and ATMs in most big towns and cities. ► [U] MONEY, FINANCE the process of changing one currency into another: »Your card issuer or… …   Financial and business terms

  • Currency exchange — can refer to: Bureau de change Foreign exchange market This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to …   Wikipedia

  • currency exchange — valiutos keitimas statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Užsienio valiutos pirkimas arba pardavimas. atitikmenys: angl. currency exchange šaltinis Lietuvos Respublikos valiutos keityklų operatorių įstatymo projektas …   Lithuanian dictionary (lietuvių žodynas)

  • Currency Exchange Rate Oversight Reform Act of 2011 — The Currency Exchange Rate Oversight Reform Act of 2011 (S. 1619) is an international trade bill in the 112th United States Congress that would establish US tariffs on imports from countries with undervalued currencies.[1] The bill was approved… …   Wikipedia

  • currency exchange office — valiutos keitykla statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Lietuvos Respublikos valiutų keityklų operatorių įstatymo nustatytus reikalavimus atitinkanti vieta, kurioje vykdomas valiutos keitimas. atitikmenys: angl.… …   Lithuanian dictionary (lietuvių žodynas)

  • currency exchange operator — valiutos keityklų operatorius statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Asmuo, išskyrus fizinį asmenį, kuris valdo valiutos keityklas ir Lietuvos Respublikos valiutos keityklų operatorių įstatymo nustatyta tvarka yra… …   Lithuanian dictionary (lietuvių žodynas)

  • currency exchange risk — Uncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency. Bloomberg Financial Dictionary …   Financial and business terms

  • Moscow Interbank Currency Exchange — Type Stock exchange …   Wikipedia

  • International Currency Exchange Rate — The rate at which two currencies in the market can be exchanged. International currency exchange rates display how much of one unit of a currency can be exchanged for another currency. Currency exchange rates can be floating, in which case they… …   Investment dictionary

  • Moscow Interbank Currency Exchange — Archivo:MICEX logo3.gif Valores negociables y herramientas acciónes Bonos forex futuros Eurobond Divisa = rublo Capitalización d …   Wikipedia Español

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