CryptoPioneerGuard
Fri Jul 19 2024
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5 answers
779
Why do banks use a different exchange rate?
Could you elaborate on the rationale behind banks employing varying exchange rates? It seems puzzling why financial institutions would adopt differing conversion values when it comes to currency transactions. Is it due to market fluctuations, or are there other factors at play? Understanding this dynamic would help me make more informed financial decisions and appreciate the intricacies of the global financial system.
