Why are currency exchange rates different from banks, currency exchange houses and published rates?
There are several factors that impact the currency rate. Currency markets operate around the clock, therefore, a published rate in a newspaper is most likely to be out dated by the time it hits print. Another factor is the size of the trade. Larger trades tend to attract better rates than smaller trades. Some rates can seem pretty stale! Banks often publish and/or set their rates once a day. However, TFXGold we will work with you to make available the most desired rate of exchange.
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- Why are currency exchange rates different from banks, currency exchange houses and published rates?