A few weeks ago, I took a trip to a local Walmart, where I saw a cashier, wearing a mask, trying to make sure I wasn’t going to make too much money by using my debit card to buy foreign exchange.I was confused as to why a store would want to do this.Walmart is a […]
Switzerland has changed its currency rate to 0.00787, bringing the country closer to parity with the U.S. and other major currencies.But there are still some important caveats.First, the change doesn’t apply to the franc, which is currently pegged to the euro, or to the U and the pound, which are not pegged to each other.Instead, […]
Foreign exchange logo – An image from a photo of an exchange desk in the office of an Australian bank, circa 1930s, courtesy of The Australian National Archives and Research Library.Gold – A gold coin from an Australian gold production plant in the 1930’s, courtesy the National Archives.Foreign exchange – A foreign currency note issued […]