People may need to exchange currencies in a number of situations.
Until now it has been illegal for foreigners to exchange foreign currency at other than the official rate.
One team representative was robbed of $7,000 after he had exchanged currency.
An option sets a rate at which the company may choose to exchange currencies.
The services are used by banks and brokerages to exchange currencies through computer systems.
However, most banks will exchange currency at short notice.
There is a small bank that can exchange currency but supply is limited.
The euro is an important factor for small companies, as it removes the need to exchange foreign currencies in the single market area.
Some banks will not exchange local currency back into foreign currency.
And to obtain the pounds, the company must find someone willing to exchange British currency for francs.
