What Is Forex Trading? Guide To Overseas Exchanges

Money switch companies/remittance firms perform high-volume low-value transfers generally by economic migrants again to their home nation. In 2007, the Aite Group estimated that there were $369 billion of remittances (an enhance of 8% on the previous year). The largest and best-known provider is Western Union with 345,000 brokers globally, adopted by UAE Exchange. Bureaux de change or forex switch companies provide low-value international change services for travelers. These are typically positioned at airports and stations or at tourist areas and permit bodily notes to be exchanged from one currency to another.

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