Ask Question
27 January, 07:33

When a tourist goes to a bank in a foreign country to convert money into the local currency, the exchange rate used is the forward rate?

+2
Answers (1)
  1. 27 January, 08:42
    0
    The conversion rate is little less as compared to that of the exchange showing in forex
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When a tourist goes to a bank in a foreign country to convert money into the local currency, the exchange rate used is the forward rate? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers