![]() If the economy of a country is strong then more global investors would purchase its goods and services hence buying more of its currency. Greater the currency exchange rate of a country greater the economic growth of that country. The economic growth of a country and its currency exchange rate has a directly proportional relationship. It is suitable for investors to head to bank for currency exchange since they plan on reserving the money to make it double but for common people it is more feasible to visit local money exchangers to get a good deal for their money. Banks worldwide have to hold liquid assets to put up with the withdrawal and payments on the part of clients due to which interest is added when it comes to currency purchase or selling. Banks usually charge a higher exchange rate on the currency because of the added interest to it.
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