Fx Union Bureau De Change

This is the profile page of Fx Union Bureau De Change on Manpower Nigeria. This page contains the email, contact phone number, address, website and other contact information of Fx Union Bureau De Change.

FX Union Bureau De Change is one of the money exchanging businesses under the direct supervision of the Central Bank of Nigeria. FX Union Bureau De Change deals on all the major currencies in the world.

A bureau de change is a business which, in competition with other similar businesses, makes its profit by selling currency at a higher exchange rate than a rate at which it buys the same currency, as well as any commission or fee it may charge. In setting its exchange rates, it must keep an eye on the rates quoted by competitors, and may be subject to government foreign exchange controls and other regulations.

The exchange rates charged at bureaux are generally related to the spot prices available for large interbank transactions, and are adjusted to ensure a profit. The rate at which a bureau will buy currency differs from that at which it will sell it; for every currency it trades both will be on display, generally in the shop window.