Why do some currencies have a smaller spread than other currencies when referring to dealers prices?
Question
Why do some currencies have a smaller spread than other currencies when referring to dealers prices?
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Solution 1
The spread of a currency refers to the difference between the buying price and the selling price of the currency. This spread is essentially the profit margin for currency dealers.
- Market Liquidity: Currencies that are more frequently traded tend to have smaller spreads. This is because the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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