page_title: Money changer
section_title: See also
hierarchical_section_title: Money changer / See also
caption_attribution_description: English: Exchange rates for Malawi Kwacha posted by a currency trader in Lilongwe on October 7, 2008.
context_page_description: A money changer is a person or organization whose business is the exchange of coins or currency of one country, for that of another. This trade was a predecessor of modern banking.
  The advent of paper money in the mid-17th century and the development of modern banking and floating exchange rates in the 20th century allowed a foreign exchange market to develop. This provided a way for banks and other specialist financial companies such as bureaux de change and forex brokers to easily change one country's money for another, and with the added confidence of transparency.
  The 20th century also saw the development of machines that would change money, such as coin dispensers and change machines.
context_section_description: Bank of Amsterdam
  Central bank
caption: The exchange rates list for Malawian kwacha. Note how Traveler's cheques are given a lower value than regular banknotes.
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