What is the difference between the business and tourist currency exchange rates?

Question

How often do they fluctuate? Where is the best website to find current rates?

Answer 1

The difference is business are large tranactions whilst tourist are small transactions. They can fluctuate every day Try http://www.travelexmoney.co.uk/billboard.asp?Brand=MSNUK for tourist exchange rates

Answer 2

The business rates are usually associated with the high volume high value exchanges and are similar to the interbank rate. The tourist rate is usually the retail rate the banks give to the public which is around the interbank rate + 4%. Currency trading markets are open 24/7 and therefore open to fluctuation all the time. However, for joe public buying holiday currency from their retail bank, the currency will only fluctuate once a day - the bank will fix the retail rate at a set time every business day and will remain fixed until the same time the following business day.

Answer 3

go to kitco,bloomberg and advfn you can get exchange rate for most any country and many more sites if you look this should help you i use the three most every day just type the name. Their is a rate of exchange for commercial exchange like min. of a million or so $ which is a few fractions different from tourist rate. tourist rate is what the bank in the country will give you the official rate. casa de combo pay less.

Answer 4

The Business rate is used in trading large volumes of currency. Most of us just get the rip-off tourist rate. Don't go to Thomas Cooks...their rates are the worst.

Answer 5

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Answer 6

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Answer 7

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Answer 8

sure it is real. we are a employer and are quoted distinctive costs in accordance to how plenty we convert. beware on the vacationer costs too, those replace from one broking to a distinctive. lodge costs tend to be unfavourable.

Answer 9

try wikipedia.org