ELI5: Explain Like I'm 5

Money changer

A money changer is someone who helps people exchange their money from one type to another. For example, let's say you have some dollars (which is the money in America) but you're going on a trip to Europe and they use euros instead. You would need to give your dollars to a money changer and they would give you euros in return.

Money changers can be found in places like airports, tourist areas, and sometimes even on the street. They usually have a little booth set up where they have different types of money from different countries.

When you go to a money changer, you tell them how much money you want to exchange and what type of money you want in return. They will then tell you how much of the new money you will get for your old money. Money changers usually charge a fee for exchanging money, which means they take a little bit of the money you give them as payment for their service.

It's important to be careful when using a money changer because some of them might try to cheat you and give you less money than you should get. This is why it's a good idea to always check the exchange rate (which is the value of one type of money compared to another) and compare it to what the money changer is offering you.
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