currency conversion questions

EvelynVogtGamble(Divamanque) wrote:



wrote:

Victor Martinez wrote:

You can use google too, just type "8 pounds in dollars" or "5.99
euro in dollars". The results are, respectively, $13.96 and $7.2

I guess the dollar is stronger today than it was last night when folks
answered, saying that 8 pounds in US dollars was $14.40.


Actually, that would mean it's WEAKER, not stronger! (Eight pounds
costs MORE, not less, at $14.40 than at $13.96!)

OOPS! Sorry, guess I'm the one who got it backwards, this time!



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http://NewsGuy.com/overview.htm 30Gb $9.95 Carry Forward and On Demand Bandwidth

"EvelynVogtGamble(Divamanque)" wrote:

Actually, that would mean it's WEAKER, not stronger! (Eight
pounds costs MORE, not less, at $14.40 than at $13.96!)

If I have to spend less money to get the same thing in another
country, then that means my own currency is stronger. If it takes
more US $ to get that same thing (that still costs the same in
the foreign currency), then my own money is weaker, hence I need
more of it to equal the foreign currency.

Last night a few folks said 8 pounds equals $14.40 US, and today,
Victor said it was $13.96. So I guess that means the dollar got a
*tiny bit* stronger. Anyway, it was just a joke...

Joyce

"EvelynVogtGamble(Divamanque)" wrote:

Actually, that would mean it's WEAKER, not stronger! (Eight pounds
costs MORE, not less, at $14.40 than at $13.96!)

OOPS! Sorry, guess I'm the one who got it backwards, this time!

Oops from me too - I responded to your other email before I saw this
one.

Joyce

wrote:
Victor Martinez wrote:

You can use google too, just type "8 pounds in dollars" or "5.99
euro in dollars". The results are, respectively, $13.96 and $7.2

I guess the dollar is stronger today than it was last night when folks
answered, saying that 8 pounds in US dollars was $14.40.

Thanks everyone, for all the suggestions for conversion sites and the
answers! I've been looking for a Canadian CD, but it appears to be out
of print in Canada. However, it was apparently was a huge hit in
Germany, because there are many German sites selling new and used
copies.

Joyce

As you've noticed, the exchange rate varies all the time. Another thing to
consider is the bank may add an additional charge for conversion, most
british banks do, though it's not very much and is almost certainly worth
paying for something you really want.

On Sat, 18 Mar 2006 09:49:58 -0000, "Adrian A"
wrote:

wrote:
Victor Martinez wrote:

You can use google too, just type "8 pounds in dollars" or "5.99
euro in dollars". The results are, respectively, $13.96 and $7.2

I guess the dollar is stronger today than it was last night when folks
answered, saying that 8 pounds in US dollars was $14.40.

Thanks everyone, for all the suggestions for conversion sites and the
answers! I've been looking for a Canadian CD, but it appears to be out
of print in Canada. However, it was apparently was a huge hit in
Germany, because there are many German sites selling new and used
copies.

Joyce

As you've noticed, the exchange rate varies all the time. Another thing to
consider is the bank may add an additional charge for conversion, most
british banks do, though it's not very much and is almost certainly worth
paying for something you really want.


I would expect any business handling currency exchange to charge a
service fee, unless they are using the currency exchange as a loss
leader to get you to buy other services from them.

--
John F. Eldredge --
PGP key available from http://pgp.mit.edu
"Reserve your right to think, for even to think wrongly is better
than not to think at all." -- Hypatia of Alexandria

On 18 Mar 2006 21:41:56 GMT, wrote:

John F. Eldredge wrote:

I would expect any business handling currency exchange to charge a
service fee, unless they are using the currency exchange as a loss
leader to get you to buy other services from them.

What if they're using something like Paypal?

Joyce

Having never done an international purchase through Paypal, I don't
know how they handle currency-conversion issues. Nevertheless,
currency conversion is likely to insue some expense to the party
handling the conversion, or at least some risk of having the rates
shift in the unfavorable direction before the conversion is completed,
so there would likely either be a surcharge or else it would be built
into the general charges.

--
John F. Eldredge --
PGP key available from http://pgp.mit.edu
"Reserve your right to think, for even to think wrongly is better
than not to think at all." -- Hypatia of Alexandria