In any place, regardless of whether this place is the main market for foreign exchange rights, there is generally a small amount of cash trading.
Almost all cheque cashing is monopolized by banks. The main business of the bank's foreign exchange department is to convert customers' assets and liabilities in commercial and financial transactions from one currency to another. This conversion can be done in the form of spot transaction or forward transaction. As a large number of banks are engaged in foreign exchange trading, foreign exchange trading is becoming more and more popular.