Currency Conversion Service
Currency Conversion Service. A foreign exchange service involving the conversion of currency of one country or group of countries for another, typically, but not always, as a counter transaction
A currency exchange service may be provided by a stand-alone business or may be part of the services offered by a bank or other financial institution. The currency exchange profits from its services either through adjusting the exchange rate or taking a commission.
- Barron's Dictionary of Finance and Investment Terms, Ninth Edition, 2014
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