Archive for February, 2009
Besides most commercial banks where can I go to exchange foreign currency? I traveled to Niagara Falls, Canada in 2005. On the way out of the country I had an impaitent bus driver who would not allow me to stop off at the Duty Free shop to exchange the currency. So I came home with just under $20 in Canadian Currency. I’ve held onto this money since last year. Every commercial bank I’ve called require you to be a customer. My credit union doesn’t accept foreign currency for deposits. So I feel like I’m stuck with this money I can’t use. If I knew someone going to Canada perhaps I could offer to “sell” it to them but in lieu of that I don’t what to do with this money.
I’ve been told that while traveling overseas the best exchange rate and easiest access to foreign currency is to use an ATM, and that even with bank fees and conversion % ($2 and 3% respectively), it is still the optimal method. My question is, are there any places within the United States online or not, that offer rates similarly to that of foreign ATMs? Most places I have found are anywhere from a 7 – 10% increase on the foreign conversion rate [found on XE], plus shipping fees. Or is it easier to just get money out at an ATM upon arrival and not take any with you? I am also curious as to what markup is typically present at ATMs when compared to XE values.
I will be traveling to London and most of Europe, including Switzerland and Czech Republic. So I know that I will need at least 4 currencies. I would just like to minimize fees as much as possible especially since I will be dealing with $2000 to $3000. I’d like to avoid giving banks free money as much as possible!
I have a capital one credit card that has 0% on all fees, which I intend to use for most all purchases, and hopefully have access to my online account sometime to pay it all off every week or so. That will likely drive down the amount of money I need to take out a lot, but there are still a lot of places that will not accept Visa that only cash will do. I am not comfortable giving my credit card to restaurants where it will be taken out of my sight when on vacation, so I will still need a fair amount of cash.
I have to do a project and I need help do you know any places or can you answer them.
What is the foreign currency on…
Mexico
Panama
Puerto Rico
Argentina
Venezuela
Bolivia
Brazil
Cuba
Ecuador
Chile
And what is the exchange rate with the U.S dollars with these countries?
You are helping alot! Thanks!
Just wondering why the crisis in the US is getting worse and the value of the dollar on foreign exchange is going up. Something stinks in the state of Denmark.
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Who creates foreign exchange rates? Please be specific. Thanks
I do understand that demand and supply determine it. Just wondering demand and supplly from who! And who sets the final ratio.
hi
i am a beginner and i work with fx solution
i got a question about that:
in the fx solution when i put a limit and stopless, and when the candle arrive to that point, it close my trade with no alarm.
is there any option to set any alarm when it close?
thank you
the best answer has 10 points.













