Can somebody explain what is the buy and sell you see when you buy travel money?

Question

Can somebody explain what is the buy and sell you see when you buy travel money?

Answer 1

When you decide to go off on your holls to The Costa Plenty, you nip to the friendly neighbourhood  travel agent and BUY your currency .  On your return you pop in again and SELL it back to them.  The price fluctuates daily accoding to the rate of exchange, but the difference between the buy and sell price will be the ammount charged by them for the service.

Answer 2

Buy is the rate at which they will BUY say, US$

Sell is the rate at which they will SELL say, US$

The BUY rate will always be worse than the SELL rate.  The travel agency or bank takes the difference between the two as their profit.