Why is there a currency exchange fee?
I don't understand why there's a currency exchange fee. Whenever I make a transaction in a different currency, I'm charged an additional fee. Why does this happen?
What is the difference between a currency exchange fee and a foreign transaction fee?
Excuse me, I'm a bit confused about the terminology in the world of finance and cryptocurrency. Could you please explain the key distinction between a currency exchange fee and a foreign transaction fee? As an investor and a frequent traveler, I find it essential to understand these charges better so that I can make informed decisions and avoid any unexpected costs. Thank you in advance for your clarification.