Introduction to Exchange Rates and the Foreign Exchange Market - EOC Consider how transaction costs affect foreign currency exchange. Which of the following situations has the highest probable spread? The highest spread would be for O a Canadian tourist in Germany paying for her hotel room using a credit card. Honda Motor Company when it exchanges yen for U.S. dollars to pay American workers at its Ohio manufacturing plant. an American returning from a trip to Turkey who wants to exchange his Turkish lira for U.S. dollars at the airport. O Citigroup and HSBC, both large commercial banks located in the United States and the United Kingdom, respectively, which need to clear several large checks drawn on accounts held by each bank