Foreign currency

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Kimi
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Foreign currency

Post by Kimi » Fri, 07 Oct 2005 12:49 pm

Any recommended place to buy US dollars?
Or any websites perhaps where I can find out and then compare the exchange rate of different places/banks etc.?
Thanks in advance.

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Strong Eagle
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Post by Strong Eagle » Fri, 07 Oct 2005 4:18 pm

http://www.xe.com will give you up to the minute (almost) exchange rates for a large number of currencies.

This is not the actual buy or sell rate since all banks will pay less for US dollars and will charge you more for US dollars... the buy/sell spread. But it will give you an idea of how much spread that bank is whacking you.

I know of no website listing all bank exchange rates, but you can check a few banks on a daily or weekly basis to find how wide their spreads are. Spreads on currency are almost always wider than for wire transfers.

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Post by fx8fx » Sat, 08 Oct 2005 6:57 pm

if you want to change at bank , the better use the bank where you have a/c , or the spreads (cost ) would be very high .

But except the bank at China , all of banks have very wide spreads for money change under 10k usd

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Post by dot dot dot » Sat, 08 Oct 2005 9:54 pm

buying or selling foreign currency, go to a moneychanger, you really get better rates than at the bank here.

I always used to go to the one on Tanjong Pagar Road, next to the wet market there, trustworthy and fast.

Eric

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Post by sundaymorningstaple » Sun, 09 Oct 2005 11:24 am

2nd floor of the Exchange at Raffles Place. Generally all of the shops there are a couple of points better than the 2 facing the MRT entrance on the ground floor. They are better than all of the banks. Unless we're talk serious money that is (6 digits or better).
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Post by yuks » Sun, 09 Oct 2005 8:18 pm

Second Exchange/Change Alley. There's loads of money changers there so shop around a bit - some of them may give you better rates if you are changing a relatively large amount.

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Post by fx8fx » Sun, 09 Oct 2005 8:23 pm

may i know how is the exchange rate of USD/SGD at money changer in SG now ?

tks

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Post by sundaymorningstaple » Sun, 09 Oct 2005 11:02 pm

fx8fx wrote:may i know how is the exchange rate of USD/SGD at money changer in SG now ?

tks
Doh......It's sunday night. You think moneychangers are open all the time? You think the rates only change once a week? Strange..... #-o
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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Post by fx8fx » Mon, 10 Oct 2005 12:24 am

sundaymorningstaple wrote:
fx8fx wrote:may i know how is the exchange rate of USD/SGD at money changer in SG now ?

tks
Doh......It's sunday night. You think moneychangers are open all the time? You think the rates only change once a week? Strange..... #-o
:???: you think what i think is same as your think ?haha

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Post by sapphire » Mon, 10 Oct 2005 6:22 pm

Last week it was 1.67, not sure this week, fluctuates between 1.65 to 1.68.
It's not getting any smarter out there. You have to come to terms with stupidity, and make it work for you.

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Post by fx8fx » Mon, 10 Oct 2005 8:56 pm

sapphire wrote:Last week it was 1.67, not sure this week, fluctuates between 1.65 to 1.68.
Sapphire , tks a lot :) last week it's around 1.68 -69 at interbank market :) i understand the cost via money change now . tks again :)

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Post by sapphire » Tue, 11 Oct 2005 4:39 pm

fx8fx wrote:
sapphire wrote:Last week it was 1.67, not sure this week, fluctuates between 1.65 to 1.68.
Sapphire , tks a lot :) last week it's around 1.68 -69 at interbank market :) i understand the cost via money change now . tks again :)
You're welcome. :)
It's not getting any smarter out there. You have to come to terms with stupidity, and make it work for you.

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Post by Kimi » Wed, 12 Oct 2005 6:32 am

sundaymorningstaple wrote:2nd floor of the Exchange at Raffles Place. Generally all of the shops there are a couple of points better than the 2 facing the MRT entrance on the ground floor. They are better than all of the banks. Unless we're talk serious money that is (6 digits or better).
Cheers sms, yuks, Eric and the others.
SMS is right the second floor has a couple of points better, most of them at least.
To the person who wants to know the rate yesterday, f-kun, it's 1.688.

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