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Old 07-30-2017, 05:56 AM   #17
Bay Pelican
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City: Chicago, IL
Country: USA
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,994
Quote:
Originally Posted by Jeff F View Post
Sure. But in most cases you're not realizing full value in the exchange. I'll always be happy to settle a transaction in USD if the price is right.

I remember years ago visiting a Currency Exchange store in Chicago with a fist full of Canadian cash. They looked at me like I had three heads :-). That label in the US has always puzzled me... What currency is exchanged in these places?
The term "currency exchange" as it relates to US currency exchanges has nothing to do with exchanging non-US currency. Terrible use of the language. These are stores to cash checks for mostly people without bank accounts, and to issue money orders, wire funds on a retail level, issue license plates and other services.

These stores began during the US depression of the 1930s to provide financial services. Not sure but it may be a Midwestern phenomenon.
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