[ELI5] Why is the exchange rate between two currencies not the same going both ways? Like why is the exchange rate of USD to GBP different from GBP to USD 573 viewsJanuary 3, 2024 Question90.60K May 29, 2020 0 Comments [ELI5] Why is the exchange rate between two currencies not the same going both ways? Like why is the exchange rate of USD to GBP different from GBP to USD In: Economics 6 Answers ActiveNewestOldest Anonymous Posted May 29, 2020 0 Comments it’s because any places where you go to actually convert currency is taking a cut. so you lose money converting back and fourth. You are viewing 1 out of 6 answers, click here to view all answers. Register or Login
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