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
Because business want to make money.
If you go to one of those place that let you change currencies, you will note that the rate they will give you for one direction is not the same as the one they will give you for changing money into the other direction.
The actual rate lies somewhere in the middle, but they want to make money on every transaction.
Latest Answers