Comments on: Where is the best place to exchange currency? http://www.myylt.com/2010/06/04/where-is-the-best-place-to-exchange-currency/ Discussion of Forex Trading and Currency Trading Thu, 24 May 2012 02:41:32 +0000 http://wordpress.org/?v=2.3.3 By: mr fugi http://www.myylt.com/2010/06/04/where-is-the-best-place-to-exchange-currency/#comment-26337 mr fugi Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/04/where-is-the-best-place-to-exchange-currency/#comment-26337 The bank is good, but they usually always have a place at airports too that you can exchange currency. The bank is good, but they usually always have a place at airports too that you can exchange currency.

]]> By: Postergeist http://www.myylt.com/2010/06/04/where-is-the-best-place-to-exchange-currency/#comment-26338 Postergeist Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/06/04/where-is-the-best-place-to-exchange-currency/#comment-26338 Are we talking about a lot of money? If not, personally unless i'm counting every penny I wouldn't waste so much time comparing half a dozen exchange houses. Lets say you have 100 euros and a choice of 3 places who charge no commission, offering 1.20, 1.23 and 1.25. The difference between them will be $5. Look at 3 places then take the highest return... any more effort than that and youre talking about sqeezing an extra 50 cents out of your exchange. I wouldn't run around all day worrying about whether i got the best deal possible for the possibility of making an extra dollar. thats just me. If we're talking about a lot of money then go to your bank. They will most likely give you the day's closing rate (go to xe.com to find that out) minus a small exchange fee if any at all. Are we talking about a lot of money? If not, personally unless i’m counting every penny I wouldn’t waste so much time comparing half a dozen exchange houses. Lets say you have 100 euros and a choice of 3 places who charge no commission, offering 1.20, 1.23 and 1.25. The difference between them will be $5. Look at 3 places then take the highest return… any more effort than that and youre talking about sqeezing an extra 50 cents out of your exchange. I wouldn’t run around all day worrying about whether i got the best deal possible for the possibility of making an extra dollar. thats just me.

If we’re talking about a lot of money then go to your bank. They will most likely give you the day’s closing rate (go to xe.com to find that out) minus a small exchange fee if any at all.

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