MoneyChanger

• Arena

  2 Jun 05, 18:25

  May I know how do moneychanger make a living out of changing money?
  He is exposed for Forex risk and really don't understand the trade.
• hisoka

  2 Jun 05, 18:50

  Originally posted by Arena:

  May I know how do moneychanger make a living out of changing money?
  He is exposed for Forex risk and really don't understand the trade.

  i think is something like he buy us dollar for 1 sing dollar but sells 1 us dollar for 10 sing dollar. so he make profit of 9 sing dollar. not sure, but if its done on a daily basis then not much fluctuations if done long time then they just average the odds or osmething lor
• shade343

  2 Jun 05, 18:56

  Originally posted by Arena:

  May I know how do moneychanger make a living out of changing money?
  He is exposed for Forex risk and really don't understand the trade.

  Note that there is a different exchange rate for buy and sell.