Recent content by wireswitch

But if one can buy and sell amounts <25000 through a broker ( don't know if it's ok to name them here so I wont) for like a .001 spread, why can't banks do the same? Why don't they process the transfer as if it were in the home country currency and then when needed to actually send it, quickly...

But can banks buy foreign currencies at the market price whenever they want? I understand that they charge a fee for converting when the operation is the conversion itself which you request from the bank. However, when you have an account in one currency and request a transfer in another...

Hello everyone, I am looking for some information. I would like to know if there are any limitations on banks buying foreign currency to serve the needs of their clients. Specifically, can banks in Europe buy and sell USD whenever they want at the market price? The reason I am asking is...