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What is a "spread"? PDF Print E-mail
Written by konverta.hr   
Nedjelja, 03 Veljača 2008

As mentioned before, "spread" is the difference between the buying and selling exchange rate. So, when you change foreign currency into Kuna, we take buying rate (exchange office buys), and when you change Kuna into foreign currency, we take selling rate (exchange office sales). As the selling rate is always higher than buying rate, exchange earns the difference.

 
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