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⍰ ASK Are there differences in exchange rates between online and in-person transactions in the USA?

Online transactions, often facilitated by specialized currency exchange platforms, may offer more competitive rates due to lower operating costs. These platforms can provide real-time rates, and some even allow customers to set rate alerts or lock in a specific rate in advance.

In-person transactions, especially at traditional banks or currency exchange services, may involve higher overhead costs, leading to less favorable exchange rates. Some in-person services may charge additional fees or commissions that can impact the overall cost of currency conversion.

It's advisable for individual to compare rates between online and in-person options to ensure they get the best value for their currency exchange.
 

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