Mon 9th July 2012
To get the best exchange rate for US dollars, talk to a foreign exchange broker rather than a bank. This is because banks provide exchange rates that tend to be inferior to specialist brokers. For instance, if you’re buying US dollars and a bank offers you 1.50, you could receive 1.54 from a foreign exchange broker. That means you get 4 cents more for every 1 US dollar you buy. Of course, this example is purely indicative, but it gives you an idea of the difference.
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