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Why is it more expensive to buy currency than to sell?

by edisonfaber » Tue Nov 07, 2023 2:44 pm

Regardless of the place of purchase or sale of currency - at a bank representative office, through Internet banking, on the stock exchange, the purchase rate will always be more expensive than the sale rate.
Posts: 66

Re: Why is it more expensive to buy currency than to sell?

by dulop » Tue Nov 07, 2023 2:54 pm

The buying rate for a currency is usually higher than the selling rate, which is known as the “spread.” The spread is the difference between the purchase (bid) and sale (ask) prices of a currency. More information can be found on the website https://www.ruplankurssi.fi/. This spread helps financial institutions such as banks and foreign exchange platforms cover their costs and make a profit from providing foreign exchange services.
Posts: 84

Re: Why is it more expensive to buy currency than to sell?

by larissonfiona » Tue Nov 07, 2023 5:15 pm

What factors influence the price of cryptocurrencies and how can you analyze their market dynamics?
Posts: 84

Re: Why is it more expensive to buy currency than to sell?

by MarshallLester » Tue Nov 07, 2023 8:38 pm

In fact, the price of cryptocurrencies is influenced by various factors, which you can read about on the internet yourself. I would advise you to use a platform here that offers tools such as Smart Exchange, which will allow you to easily track trends and effectively trade USDT/BTC pairs. Thanks to the features of this platform, I am able to quickly make informed decisions in a volatile cryptocurrency market. Of course, this is not all that this platform is limited to and you can find more information directly on the site itself.
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