How do foreign exchange rates work?

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What factors cause them to change? And why do you get a different exchange rate depending on where (both in the same country and in a different country) you buy your currency?

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Anonymous 0 Comments

Based on what dealer you’re going through and their profit margin, inflation in the countries, availability and demand for that currency, and whether the primary markets are open (meaning more places to buy) or if only the secondary markets are open

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