Where can I exchange currency at the value that currency converter sites are giving me?
Friday, July 30th, 2010 at
10:17 am
I have some Brazilian reais left over from a trip that I need to change to dollars and all the currency converter sites I checked give me one value and the bank gave me a much lower value. I want to get the same rate these sites are giving me. Thanks to anyone who can help me!
Tagged with: brazilian reais • currency converter
Filed under: Business
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Nowhere. The rates given on the currency converters are "pure" rates without transaction costs. For anybody but a large international institution, there are always transaction costs. If you go to a large international bank, you could get a rate approaching the currency conversion rate. However, all banks and other financial institutions charge fees. Those fees are built into the conversion rate they give you. Shop around. Some banks are better than others.
you will not get it, any bank etc will make a profit through giving you a lower rate, way of the world
Today – now – according to http://www.xe.com $1= 1.73850 BRL or 1 Brazilian = 0.575209 USD (this numbers can change during the day – Live rates at 2009.12.08 17:21:46 UTC)
Let’s me explain you in a example:
Based on Live rates at 2009.12.08 17:21:46 UTC
Brazilian to US
50(BRL) x $0.575209 = $28.7604 USD
US to Brazilian
$50 x 1.73850 = 86.925 (BLR)
Use the source for more information.
here is all info about currencies
this is what i use
http://www.forexfactory.com
http://www.mizuho-cb.co.uk/TresInternet/index.htm
http://www.marketwatch.com/
http://www.taniauncensored.com/aboutforex.html
http://www.global-view.com/forex-trading-tools/chartpts.html
http://www.currencytradermag.com/
http://www.fxstreet.com/