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If you go to Cancun, Mexico, you will notice in the main town that there are many foreign exchange booths in the towns that will

If you go to Cancun, Mexico, you will notice in the main town that there are many foreign exchange booths in the towns that will offer you a much better exchange rate for US or Canadian dollar that what the banks in Mexico (or at the airport in Canada) would. Can you explain why these street exchange booths are able to offer more than the banks?

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