You ALWAYS LOSE on exchange rate. How is it even possible someone doesn’t grasp this. You must be absolutely daft.
When you see the posted exchange rate, that is what is referred to as the mid market rate. It’s what banks, nations, and money transfer services get when exchanging amongst each other.
However, as a lowly retail money exchanger, you will never get this rate. Whomever you are executing the exchange with will also keep their share. Often 2-5% or even worse depending on your currency and its desirability in your locations. Banks will always take a cut. So will any exchanges. And that… is the amount you LOSE
Adnan Khairi 😂😂😂 yup, I’m just here struggling away while you live the good life. 😂😂😂I appreciate your sorrow, but if want to feel truly sorry, take a glance in the mirror