Sunday, August 9, 2009

When i sell foreign currency, which section should i look at in the exchange rates?

i want to understand the term %26quot;Bank buys%26quot; and %26quot;Bank sells%26quot; in the exchange rates.



When i sell foreign currency, which section should i look at in the exchange rates?bridge loan





It means the bank buys from you and bank sells to you.



So if you have US Dollars and are in Canada and want to exchange them for Canadian Dollars, the bank will buy your US Dollars from you at the Bank buys rate, etc.

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