Definition, Meaning & Synonyms
cambio
noun
/ˈkæm.bɪ.oʊ/
Definition
Cambio refers to the exchange of one currency for another, often used in the context of financial transactions.
Examples
- When traveling to Europe, John visited the cambio to exchange his dollars for euros.
- The cambio rates can vary greatly, so it’s wise to compare before making a transaction.
- Many tourists prefer to use a cambio rather than banks for better rates.
Meaning
In finance, cambio is significant for travelers, businesses, and investors who need to convert one currency into another.
Synonyms
- currency exchange
- foreign exchange
- money changers