Question:   “So if it came out at a dollar…your net proceeds would be approximately $0.98?”  Yep…it [the spread taken by the bank/exchanger] will be low.  BTW there will be so many people fighting for your currency you could probably get lower than that…like if you keep your money at their bank…they’ll exchange it for free…there’s going to be a lot of options.  They’re going to fight for your currency.