As the world gets smaller and smaller, more people have the need to exchange currency. Whether you need to convert currency for travel, trade, commercial purposes, hedging or simple speculation, there are a number of ways to do so. Unfortunately, the most common avenue used by individuals to exchange currency is also the most expensive as the major banks offer very poor exchange rates. Most banks have a large infrastructure, administration, and large overhead costs. They use their currency conversion service to subsidize other parts of the banks. They have many other lines of business and generally poor service. It may be difficult to find the conversion department or service person depending on the bank. However, Knightsbridge FX is focused only on this service, so we can provide the lowest rates. In general, large banks provide rates from 2% – 2.6% to convert currency. In contrast, Knightsbridge FX provides the lowest currency conversion rates on the market, ranging from 0.1% to 0.6%.