cryptohunter
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When dealing with offshore bank accounts, currency exchange typically occurs when funds are transferred between accounts in different countries, or when transactions are made in a currency different from the one held in the account. The exchange rate used for these transactions is determined by the foreign exchange market and can fluctuate over time. Some offshore banks may offer currency exchange services to their clients, while others may use third-party providers. It's important to understand any fees or charges associated with currency exchange when dealing with offshore bank accounts.
