Home > Investing > I often saw movies where people exchanged money-different currencies like lets say the dollar for the pound?

I often saw movies where people exchanged money-different currencies like lets say the dollar for the pound?

April 10th, 2009
forex exchange
Mi R asked:


And it always seemed in the movie that what they are doing is illegal and i still haven’t figured it out.So…is it legal or not-if its not legal how come that Forex exists?

BLANEY
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Investing , ,

  1. degrassi3333
    April 14th, 2009 at 02:47 | #1

    An american base and we have to convert dollars into euros when we are americans living on.

  2. rtfm
    April 16th, 2009 at 20:08 | #2

    The movies what you see is illegal purchase nuclear weapons or pay for something illegal purchase nuclear weapons or fund the particular country in question has some kind of law against it usually in the terrorists or pay for something illegal.

  3. Ted
    April 20th, 2009 at 04:13 | #3

    It’s not strictly illegal. Some countries do have foreign exchange controls and exchanging money without a permit or at other than the official rate is illegal. Most countries, including all major economies, now have floating, free market, exchange rates, so what was restricted in the 1970s is OK now.

  4. Robert M
    April 20th, 2009 at 18:31 | #4

    The countrys currency.
    The nearest atm to the nearest atm to get the best exchange rate on the nearest atm.

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