Currency Exchange
A currency exchange is a company with the legal right to help people exchange money from one country into money from another. There are many different types of currency used throughout the world. The United States uses dollars, much of Europe uses the euro, and Japan uses the yen. Travelers who go from one country to another need a way to spend their money in the new country, so they visit a currency exchange, which can trade their home country’s currency for the local currency. Typically, currency exchanges charge a small commission, or adjust the exchange rate, to produce revenue. When you go to an arcade, you usually can’t put quarters into the machines to play games. Most arcades make you go to a token machine, where you put in money and receive special tokens to use at the arcade. A currency exchange is similar. You can’t use dollars in Japan or euros in Russia. You have to bring your currency to a currency exchange to get the money that you can use in the country you’re visiting.
