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❓ASK Are there differences in exchange rates for large denominations versus small denominations?

B

Blaka

Guest
When you're dealing with exchanging money, the rates can vary based on whether you're working with large or small amounts. Some services might give better rates for bigger sums because it's more cost-effective for them to handle. Handling large amounts often means lower transaction costs, and they can pass those savings on to customers.

But if you're dealing with smaller amounts, the rates might not be as favorable. It costs more proportionally to process these smaller transactions for currency exchange services.

So, it's a good idea for people to think about these differences, especially if they're exchanging a significant amount. Comparing rates from different providers and knowing about any fees tied to specific amounts can help make sure the overall cost of the currency exchange is right for what you need.
 
One EMI that I use would give you a higher exchange rates for bigger transactions in terms of currency conversion. I think it is because the liquidity with higher transactions are lower than with higher transactions.
 

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