Bureau de change, what does it mean, and what is it all about especially in a given country.
By mere looking at the term, you will know that it is a French word which signifies office of exchange.
The exchange we’re talking about is the money exchange. An office whereby you can exchange to a foreign currency.
Exchange bureau is licensed to purchase foreign currencies from small sellers or foreign exchange. Such sellers do not have quick access to the central bank or national bank autonomous foreign exchange market.
Licensing and supervision of the change bureau used to be the responsibility of the minister of finance or probably the central bank of a given country.
The objective of setting up the the change bureauis to broaden the foreign exchange market and reduce the activities of the parallel market operators in the purchase of foreign currencies.
Unlike the parallel market, exchange bureau captures foreign exchange statistics with which to plan macroeconomic and foreign policies.
Bureau de change meaning
In a simpler explanation, the change bureau is an office whereby an individual can exchange money to any currency of its choice or probably available currency.
For example, changing pounds to US dollar, or changing Chinese Yen to pounds.
Through bureau de change, an individual can obtain a foreign currency or exchange a foreign currency to a desired currency.
Take for instance, a person living in the UK can obtain the Chinese Yen or US dollar from any bureau de change near me. This comes in handy if an individual who is living in the UK is planning on going to the United States or China.
There’s always the need to make an exchange, and this is where bureau de change offers a lot help, through money exchange.
It can also be called exchange bureau, and like I said, bureau means an office. In general it simply means an office where money or currency is being exchanged.
So when you hear or see exchange bureau or maybe the change bureau, they all mean bureau de change. An office where an individual or organization can exchange currency to another.
Mostly, exchange bureau do have its office but can as well be located in the bank. There are some major banks that do operate bureau de change legally.
However, one can say that opening an exchange bureau is similar to opening a mini bank as it all involves finances and making of profits. In countries where it operates, it is usually a mega or lucrative business for entrepreneurs, and it do require a large capital for a start up.
Don’t miss >>> Statute of limitations with 2 examples
How exchange bureau works
As bureau de change is a currency or money exchange, it all involves the process of changing from one currency to another in a given country.
It offers an individual or a person the opportunity to exchange from one currency to another at a given exchange rate.
Usually, the change bureau offers a relatively high exchange rate compared to going to the bank for currency exchange.
Banks that offers exchange bureau tends to give their customers high currency exchange compared to banks that doesn’t offer any exchange rate or operates bureau de change.
Features and benefits
- Gives individuals the opportunity to exchange from one currency to another
- Bureau de change offers high exchange rates compared to the bank rates
- It helps to circulate foreign currency in a given country
- Very beneficial to travelers, business owners or students who wants to study abroad
In terms of traveling, bureau de change has helped me a lot to obtain the country currency I’m traveling to. For example, when I was going to China for the very first time, I had to exchange my currency to Chinese yen before embarking on the journey.
For business owners, exchange bureau plays a major role in their day to day business especially when it comes to international trade, one might need to have the united states Dollar, Pound Sterling and the Euro.
Don’t miss >>> How to check my bank account balance online
Bureau de change near me
To check or get the nearest exchange bureau near me, I recommend using the Google map as it gives the accurate results.
For example, it I want to locate the nearest the change bureau in Los Angeles, I will probably use the Google map and search for bureau de change using the search box.
This brings out all the exchange bureau in Los Angeles mores especially closer to my location. The best part is that it disol their opening and closing time.
Take for instance, the popular Currency Exchange International located at 812 Lexington Avenue, (Inside Apple Bank’s ATM Lobby), New York, NY 10065.
Exchange bureau in Canada
If I want to search for bureau de change Montreal, will simply use the Google map to locate the nearest exchange bureau Montreal Canada.
For example, using this method gives me a lot of the change bureau in Montreal more especially the popular Calforex Currency Exchange – Bureau de Change-Montreal, which is located at 1230 Peel St, Montreal, Quebec H3B 2T6.
They work all through the whole week, which is from Mondays to Fridays, and also Saturdays and Sundays.
Calforex Currency Exchange – Bureau de Change montreal opening time starts from 10 am in the morning, and closes by 6 pm in evening.
Another bureau de change Montreal is the Lucky Chan, located at 6652 A Plaza St-Hubert, Montreal, Quebec H2S 2M3. They work from Mondays to Saturdays, starting from 9 am to 6pm. On Saturdays, exchange bureau Lucky Chan starts from 10 am and closes by 5 pm in the evening.
Looking for bureau de change laval, I recommend you to use the Google map or any other superb map to locate the nearest exchange bureau near you in laval.
Using this method, I was able to find Devises Mondiales bureau de change, located at 1 Place Laval, Laval, QC H7N 1A1. They open from Mondays to Friday, starting from 10 am in the morning, and closes by 5 pm in the evening. They don’t operate on weekends.
Another popular bureau de change laval is the Calforex Currency Exchange, located at 3035 Boulevard le Carrefour Unit L031C, Laval, Quebec H7T 1C8.
The work all through the whole week which includes working on weekends (Saturdays and Sundays). On weekdays, they Calforex Currency Exchange – Bureau de Change Laval start from 10 am in the morning, and closes by 7pm in the evening.
On weekends which is Saturdays and Sundays, they start from 9 am in the morning, and closes by 5 pm in the evening.
Another bureau de change near me in Canada in the ones located in lebourgneuf, that is bureau de change Quebec. I’ve got the popular company and which is Devises Etrangeres Quebec – bureau de change lebourgneuf, located at 1170 Boulevard Lebourgneuf, Québec, QC G2K 2E3.
The work from Mondays to Fridays, starting from 10 am and closing by 3 pm in the afternoon. Devises Etrangeres Quebec exchange bureau don’t work on weekends (Saturdays and Sundays).
Another popular bureau de change Quebec is the ICE International Currency Exchange. Located at 43 Rue De Buade, Québec, QC G1R 4A2, Canada. They work from Mondays to Saturdays, starting from 10 am and closes by 5 pm in the evening.
Bureau de change ottawa:
One of the popular ones is the Altaif Currency Exchange, located at 1729 Bank St, Ottawa, ON K1V 7Z5, Canada. They work from Mondays to Saturdays and don’t open on Sundays.
Altaif Currency Exchange opening times starts from 10 am to 6pm from Mondays to Fridays, and 10:30 am to 5 pm on Saturdays.
The second on the list of bureau de change Ottawa is the Dinar Currency exchange, located at 1617 Digby St, Ottawa, ON K1G 0P6, Canada. The open from Mondays to Fridays, starting from 11 am in the morning, and closes by 4 pm in the evening.
Exchange bureau in UK
Bureau de change tesco; Travel Money Bureau located at Wellington St, Slough SL1 1XW. The operate from Mondays to Fridays, and also on weekends (Saturdays and Sundays).
Travel Money Bureau opening times starts from 10 am to 6 pm in the evening, except on Sundays which they starts from 10:30 am and closes by 4 pm in the evening.
Another bureau de change tesco Travel Money Bureau is the one located at The Coppetts Centre, N Circular Rd, North Finchley, London N12 0SH. They operate from Mondays to Fridays, and also Saturdays and Sundays.
Opening time is 10 am to 6 pm except for Sundays which they starts by 12 pm in the afternoon, and closes by 4 pm in the evening.
Bureau de change newry; Bureau Buttercrane, located at 20 Buttercrane Quay, Newry BT35 8HJ. They open from Mondays to Saturdays, which starts by 9 am to 5:30 pm except on Saturdays which the start by 9 am and closes by 6 pm.
Bureau Buttercrane bureau de change Newry don’t open on Sundays except on Saturdays.
Another on the list of bureau de change near me UK is the Newry Bureau De Change located at 3 Margaret Square, Newry BT34 1JA.
They operate from Mondays to Saturdays, starting from 9 am to 5:30 pm from Mondays to Thursdays, and 9 am to 7 pm on Fridays. On Saturdays, Newry Bureau De Change starts by 9 am in the morning, and closes by 5:30 pm in the evening.
Bureau de change marks and spencer; M&S Bureau De Change Watford, located at Marks & Spencer, 91 High St, Watford WD17 2DH. They open all through the week, starting from 8 am to 8 pm except on Sunday which they start by 11 am and closes by 5 pm.
Another bureau de change marks and Spencer is the branch located in London. The M&S Bureau De Change Ealing Broadway, located at 69-79 The Broadway, Ealing, London W5 5JW.
They operate from Mondays to Fridays, and also on weekends. Opening hours starts from 8 am to 8 pm from Mondays to Fridays, and on Saturdays starts by 8:30 am to 8pm. Then on Saturdays, the bureau de change marks and Spencer located in London starts by 11 am and closes by 5 pm in the evening.
Bureau de change sainsburys; Sainsbury’s Bank Travel Money located at Uxbridge Rd, Slough SL1 1SU. They operate from Mondays to Fridays, and also on weekends.
Bureau de change sainsburys opening times starts from 9:30 am, and closes by 6:30 pm except on Sundays which the open by 11 am and closes by 4 pm in the evening.
There’s so many exchange bureau across the countries that accept the currency exchange.
If you’re looking for bureau de change buttercrane, Edinburgh, London, dundalk, etc. All you need to do is to use the map and get the address of the the change bureau near you.
Don’t miss >>> How to get cash out without a debit card
So far these are bureau de change near me I have for you, it is left for you to search for more, based on your location.