If I google the exchange rate from one currency to another, it shows a much better rate than what I would get in a bureau de change for the same amount of money. Why are these two rates so different?

Question

If I google the exchange rate from one currency to another, it shows a much better rate than what I would get in a bureau de change for the same amount of money. Why are these two rates so different?

In: 24

Answer 1

There are ways to get very close to the wholesale rate. One way is to use Wise (was TransferWise). I have no connection except as a very satisfied regular user.