Currency exchange
A currency exchange service allows you to swap one currency for another. Learn more about our competitive currency exchange options.
Get currency exchange advice
Do you work abroad or invest internationally?
If so, you will likely need to make currency transfers. These can be expensive, especially when you have to contend with poor exchange rates or hidden fees.
However, a dedicated currency exchange service could help you hold on to more of your hard-earned money. Read on to learn more.
What is a currency exchange?
Currency exchange, also known as foreign exchange (FX), is the process of converting one country's currency into another.
There are various reasons for using a currency exchange service. For example, it is common for those living and working overseas to deal in more than one currency, as their salary may be paid in a different currency than the one used in their home country. The same applies to businesses that operate internationally.
Currency exchange rates determine the value of one currency relative to another. These rates can fluctuate for various reasons, such as:
- Economic stability
- Political events
- Market speculation
- Interest and inflation rates
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Currency Exchange with Holborn Assets
In emerging markets like South Africa, currency rates fluctuate far more than most other major currencies. Working with an expert with extensive experience in the currency transfer market can help you get the best rates and reduce costs.
Holborn South Africa offers a professional, efficient, cost-effective service for clients who need to buy or sell international currency.
We offer expert guidance and a service tailored to your needs to help ensure you secure the best currency exchange rates. Speak to one of our specialists today to learn how we can help you.
Frequently Asked Questions
Currency exchange is the process of converting one currency into another. Money is exchanged at a specific rate, known as the exchange rate. This determines how much one currency is worth compared to another.
