I am not familiar with the finance scene. Do currency exchange shop exist solely based on the specialized currency exchange profession?
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Currency exchange shops exist because people value convenience. The bank I work at only carries Euros and Canadian Dollars on hand, which is great if you are going somewhere where you would use that, but if you’re going elsewhere, you’d have to order it at least two business days in advance.
You’d think most people planning an international trip would plan for the cash they want on hand, but there are many cases where people come into the bank like the day before. So they end up having to go to currency exchange places that can do it same day, even if it ends up being more expensive.
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