Changing Money

When changing money you will lose value in any one of four different ways:

- With a percentage of the total amount changed.

- With a flat fee.

- With a minimum fee.

- With the exchange rate itself.

Here’s an example:
Bank A is offering a rate of 1.6 Swiss francs per dollar, with a 3-franc minimum fee or a 1-percent commission.Bank B is offering a rate of 1.65 Swiss francs per dollar, with a 2-percent commission or a 1-franc minimum fee. Which is the better deal for changing USD 50?