Meaning of the word "currency exchange" in English

What does "currency exchange" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

currency exchange

US /ˈkɜːr.ən.si ɪksˈtʃeɪndʒ/
UK /ˈkʌr.ən.si ɪksˈtʃeɪndʒ/
"currency exchange" picture

Noun

the process of converting one currency into another

Example:
I need to find a good place for currency exchange before my trip.
The bank offers competitive rates for currency exchange.