Let's say I'm going to holiday to Japan. I am changing the
Singapore Dollar into the Japanese Yen. So am I selling/buying
?
Selling Sing dollar right? Ok, there's this question in my paper
which has something to do with that. I only have this part to
clarify.
If you are saying there is a Buy/Sell table, then you are wrong.
The Buy/Sell is from the perspective of the Moneychanger. It is the
Moneychanger who is BUYING the SGD or SELLING the Yen to you.
Either that or simplify work both rates out and take the poorer
rate as obviously the moneychanger need to profit from the
exchange.