Where is foreign currency traded?

Answer Spot Forex trading takes place through Over the Counter (OTC) markets, where participants trade directly with each as opposed to through a trading exchange, in which the exchange acts as an interme... Read More »

Top Q&A For: Where is foreign currency traded

Where do I exchange foreign currency?

If you need to exchange foreign currency, you may be able to do so at your bank. You can also exchange foreign currency at an exchange service in a hotel or airport, or use your ATM card once you a... Read More »

Where can you trade in foreign currency?

Those traveling to a foreign country find that inevitably they must exchange some of their dollars for local currency. If you manage to spend all the money you have exchanged, you don't have to wor... Read More »

Where can I change my foreign currency?

Travelers may be able to exchange foreign currency at a tourist business such as a large hotel, airport, railroad station or travel agency, but the rates may be fairly high. Most banks charge a fla... Read More »

Where in Illinois can I trade in foreign currency?

Most financial institutions can direct you to local foreign currency exchanges, but the two most common firms in Illinois are Travelex and American Express Travel Service. Visit either company's we... Read More »