Foreign exchange dealer

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Foreign exchange dealer

A firm or individual that buys foreign exchange from one party and then sells it to another party. The dealer makes the difference between the buying and selling prices, or the spread.

Foreign Exchange Dealer

A trader who buys and sells currencies. For example, a foreign exchange dealer may buy dollars from one party and sell them to another at a different exchange rate. The dealer profits from the difference in exchange rates between currencies.
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Primary tourism enterprises are those serving the local tourism industry, such as, inbound travel and tours operators, local tour guides, tourist transport service providers, airport taxis, hotels, resorts, tourist inns, pension houses and ecolodges, homestays and bed-and-breakfast facilities, MICE (meetings, incentives, conventions, exhibitions) facilities, dive shops, amusement parks, adventure and ecotourism facilities, foreign exchange dealers, tourist drivers, apartels, condotels, service apartments, and motels.
In a statement Friday, the BSP said its policy-making Monetary Board recently approved an an updated comprehensive framework that enhanced the central bank's oversight over money service businesses, which included foreign exchange dealers, money changers as well as remittance and transfer companies.
Foreign exchange dealers were another section that has been raided in connection with black money transactions.
The functions of the US foreign exchange market are carried out by a number of institutions: Commercial banks, central banks, foreign exchange dealers, retail foreign exchange brokers, commercial institutions, investment management firms, hedge fund institutions, multinational corporations or MNCs and retail foreign exchange traders.
The Australian dollar , often used by foreign exchange dealers as a liquid proxy for the yuan, fell half a U.
This is especially true for money services businesses--meaning check cashiers, money transmitters, foreign exchange dealers, and sellers and providers of prepaid access, traveler's checks and money orders.
The Central Bank has issued several circulars in recent months to organize the foreign exchange dealers and financial institutions which are not inside the official financial systems," Wissam Fattouh told The Daily Star.
He stated that they are reviewing the operations of foreign exchange dealers to ensure there is no misconduct, manipulation of foreign exchange benchmarks and collusion.
Dumaguete City, Negros Oriental (PIA) - The Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council (AMCL) are urging pawnshop operators, foreign exchange dealers, money changers and remittance agents to attend an Anti-Money Laundering ACT (AMLA) seminar at BSP Dumaguete's Multi-Purpose Hall today and on September 26.
Foreign exchange dealers said that the rupee gained 50 paisas against the greenback in early Friday morning trade in the interbank, and was being traded at Rs.
Foreign exchange dealers said that the rupee gained impressively by one rupee and 75 paisas against the greenback in early morning trade in the open and interbank markets.
Since its introduction it has been expanded to include insurance companies and fund managers, as well as banks and foreign exchange dealers.

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