Foreign Exchange online
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Foreign exchange online with Prosegur Change
Simple and easy online foreign exchange! With a selection of 50+ currencies, favorable exchange rates, and 0% commission, you can conveniently reserve & collect your currency at the nearest exchange bureau and embark on your journey.
| Currency | Rate | ||
|---|---|---|---|
Our branches for pick up
Choose amongst 50+ currencies and reserve your foreign exchange online for 0% commission. Pick the nearest branch from our 15+ locations for collecting your travel money order before you travel. Our branches are set up for your convenience at airports and in city centers.
Our welcoming customer service team will be waiting for you and will be happy to help with any travel money needs!
Travelling soon?
Here's how to easily reserve your currencies online
1. Choose your currency
Determine the amount of travel money you will need to enjoy your trip.
2. Choose a date & a pick-up location
Collect your order from one of our exchange bureaus at major airports and city centre.
3. Collect & pay
Pay upon pickup and enjoy
your trip.
What is foreign exchange?
Also known as forex, foreign exchange involves converting one foreign currency into another. This practice concerns all currencies, such as the British pound, the US dollar or the Indonesian rupiah.
An exchange rate is applied at the time of the transaction. This is used to determine the amount needed to purchase a foreign currency. The exchange rate, decided by a network of banks located in the world’s major financial centres, changes rapidly. Tools are available to help you determine the best time to buy a foreign currency.
How to get the best foreign exchange rates?
There are several intermediaries you can use to exchange currencies. These may include
- a bank ;
- a bureau de change ;
- an online foreign exchange services company.
The intermediary of your choice decides on the margin rate it applies when exchanging currencies, on top of the exchange rate decided by the market. This commission may vary from one currency to another. It generally varies between 1% for the most commonly traded currencies (such as the New Zealand dollar, the Japanese yen or the euro, for example) and 5% for the more exotic currencies (such as the South African rand or the Turkish lira).
At Prosegur Change, we offer 0% commission if you book your currencies directly on our website. Choose the currency of your choice, make the payment and all you have to do is go to one of our bureaux de change to collect it.
How does currency exchange work?
The way currency exchange works is relatively simple: when a currency is bought, an exchange rate is set to determine the value of the currencies exchanged. The exchange rate is therefore always applied according to the currencies bought and sold. The forex market is also constantly evolving, and the exchange rate applied to currencies changes at any time.
The simplest transaction on the currency market is called a ‘spot’ transaction. This involves buying a currency at the current market price for delivery on D+2. It accounts for around 30% of current currency trading.