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Exchange rates


taharkin

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They are for two different transactions.  

 

Take US$ for example.  The buy rate is what they will give you for your dollars since they are buying the $ from you and giving you Baht.  The sell rate is what they will sell $ to you for so if you want to get $ you pay them the sell rate in Baht.

 

The difference between the two rates is their profit assuming they have both transactions happening at the same time for like amounts.

 

 

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