Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 month ago

y do u have to pay more Canadian $ to get euros for ur trip to Europe than you receive in Canadian $ when u cash in euros on ur way home?

6 Answers

Relevance
  • 1 month ago

    Banks, etc have buy and sell rates to cover their costs. Plus, rates change over time.

  • Anonymous
    1 month ago

    Because that service is not free.

  • 1 month ago

    Of course! The difference between buy-sell rates are the margin to cover the costs of changing money for you.

  • Judy
    Lv 7
    1 month ago

    change fee each time

  • How do you think about the answers? You can sign in to vote the answer.
  • Greg
    Lv 7
    1 month ago

    The people who do the exchanges are in business. They have costs and need to make a profit.

  • 1 month ago

    So that the place where you exchange the money can make a profit.

Still have questions? Get your answers by asking now.