| Currencies | We Sell | We Buy | |
|---|---|---|---|
 Euro |
1.1300 | 1.1765 | |
 U S D |
1.2200 | 1.2500 |
| Currencies | We Sell | We Buy | |
|---|---|---|---|
| Euro |
1.1300 | 1.1765 | |
| U S D |
1.2200 | 1.2500 |
Exchange rates are influenced by the activities of banks and trading institutions, which engage in the buying and selling of currency in varying volumes daily. Currencies are actively traded worldwide, with one currency being exchanged for another through banking institutions or in the open market. The trading volumes of currencies are subject to fluctuations based on the perceived attractiveness of a particular currency, influenced by factors such as political stability, economic strength, government debt, and fiscal policy, among others.
Government central banks possess the authority to establish a fixed value for a currency using a method known as pegging, essentially tying the value of one currency to another. The price or value of a currency is determined by its trading volume. If a currency is competitively priced, traders are inclined to buy it, thereby increasing its value. Conversely, if a currency is not deemed competitively priced, traders may abstain from buying it or even opt to sell it, thereby driving down its value.
This represents the rate at which we convert foreign currency back into your local currency when you sell it to us. For instance, upon your return from America, we would convert your US Dollars back into British pounds at the current buy rate.
This is a typical charge imposed by foreign exchange providers for the conversion of one currency into another.
This is the rate offered to customers seeking to exchange currencies that do not involve the local currency. For instance, if you wish to convert Singapore dollars into US dollars.
This represents the correlation between the currencies of two countries, typically denoted as follows: GBP/USD, EUR/JPY, AUD/INR.
This is another term for a sell rate.
This is the rate at which we offer foreign currency in return for local currency. For instance, if you were traveling to Europe, you would convert British pounds to euros at the sell rate.
This is formally recognized as the 'interbank' rate, denoting the rate at which banks or major financial institutions charge each other for substantial foreign currency transactions. Within the industry, this is occasionally labelled as a 'spot rate.'
This represents the gap between the purchasing and selling rates provided by a foreign exchange provider like us.
The market, or spot, exchange rate is the rate at which banks trade currencies. However, obtaining currency for tourists involves various processes and intermediaries. This incurs costs, impacting the value of the currency to cover these expenses.
At BB Cash, our aim is to offer you the utmost value on your foreign currency. We are continuously enhancing our systems and processes to maximize efficiency, ensuring that you receive optimal value for your travel money exchange rates from us.
In the UK, numerous foreign currency providers present a variety of products and services. Given this abundance of choices, it allows you the opportunity to invest time in finding the most favourable exchange rate in the market.
