You may not get an equal currency exchange due to several factors, including:
Exchange rate: The exchange rate between two currencies is not always equal. Exchange rates are determined by supply and demand, and they can fluctuate in response to market conditions, such as changes in interest rates, political events, and economic stability.
Spread: When you exchange currencies, you are likely to pay a spread, which is the difference between the bid price and the ask price. The bid price is the price at which you can sell a currency, while the ask price is the price at which you can buy a currency. The spread represents the cost of buying or selling currency and can vary depending on the currency pair and the institution you use.
Fees and commissions: Currency exchange services can charge fees and commissions for their services, which can reduce the amount of currency you receive.
Market conditions: The currency exchange rate can be influenced by market conditions, such as changes in supply and demand, economic stability, and political events.
In conclusion, you may not receive an equal currency exchange due to exchange rates, spreads, fees and commissions, and market conditions. It’s important to research and compare different currency exchange services to find the best exchange rate and avoid high fees and commissions.
*We are not financial advisors and only present our findings. Please do your own due diligence and what you feel you can make work in your own unique situation.