Buy Php in Malaysia and sell to Philippines

External question — Personal Finance Stack Exchange Author: letthefireflieslive Original post: https://money.stackexchange.com/questions/64638 License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I am a Filipino working in Malaysia. I went to the remittance center yesterday, the exchange is MYR 1 = PHP 11.20 . I noticed the buy/sell board table. Buying Php for MYR 8.52, Selling MYR 8.98. I do stock investing but I am an outsider to Forex. Why are they selling it way beyond the exchange rate? Why is this? This means before going back to Philippines, I can buy a lot of peso that I can buy and exchange it for higher price right?

External answer — Personal Finance Stack Exchange Author: user54073 Original post: https://money.stackexchange.com/a/76892 License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/ Adaptation: HTML converted to plain text; contact email addresses removed. basically the selling (for banks) means you will exchange PHP to MYR buying simply MYR to PHP the bank will buy your MYR in exchange to PHP. and you will sell your MYR to PHP. I think it has something to do with processing fee..