A (Exchange Bureau) is a business where people swap one currency for another. Think of it as a retail shop for money. π¦ How It Works
Always verify the amount at the counter before walking away.
Secure and reliable, though they may only serve existing customers. π‘ Pro Tips for Travelers
They trade "base" currency (local) for "quote" currency (foreign).
Some charge a flat fee or a percentage per transaction on top of the spread. π Common Locations
This is how they make money. They buy currency from you at a lower rate and sell it back at a higher rate.
Use an app like XE or Google to see the "real" rate before you walk in.
Often, these places just hide their fees in a much worse exchange rate.