Is this legal?
2010-08-23
Travelex ... You have seen them at airport. They say NO FEE foreign currency exchange. This is a rip off. The current Japanese Yen to US Dollar is about 86 yen to 1 dollar. At this stand they sell Japanese yen at 73.99 yen to a dollar.
They are making 14% or 12 yen profit every time they sell 1 US dollar. Where in that transaction is NO FEE? Is this even legal? Can they do that? How can you claim they charge no FEE?