No, it is not illegal to exchange currency for profit. Currency exchange, also known as forex trading, is a legitimate and regulated financial activity. Individuals and businesses engage in forex trading to take advantage of fluctuations in exchange rates and generate profits.
However, it's important to note that forex trading is subject to regulatory guidelines and requirements set by financial authorities in different jurisdictions. So, it is better to comply with relevant laws, regulations, and licensing requirements to ensure you operate within the legal framework and protect yourself from any potential legal issues.
See also: Can Undergraduate Students Do Forex Trading?
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