There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies. The simple answer? Because they can.
Exchange and Order Foreign Currency from Bank of America
Sample size: Australians. Question: if you wanted to send money overseas, would you use a bank? We use a global network across countries to bring you the best rate. IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
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Interbank rates, also commonly referred to as market rates, are the official live conversion rates for a given currency pair. View foreign exchange rates Footnote 1. You are using an unsupported browser version. Learn more or update your browser. Foreign Currency Exchange. European Union currency converter. Great Britain currency converter. Mexico currency converter.
Foreign Currency Exchange
Japan currency converter. Order a currency not shown. Order foreign currency Customers with Bank of America checking and savings accounts can order foreign currency through Online Banking or the Mobile Banking App. Customers with credit cards only can order currency at a financial center. Start your currency order.
Foreign Currency Ordering—Convenient and Secure
View foreign exchange rates Footnote 1 Find out how much foreign currency you need for your trip and look up cash exchange rates. You can even print out an exchange rate wallet card for your trip. Rates for ordering foreign currency.