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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! -- http://NewsGuy.com/overview.htm 30Gb $9.95 Carry Forward and On Demand Bandwidth |
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currency conversion questions
"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 |
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currency conversion questions
"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 |
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currency conversion questions
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currency conversion questions
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 |
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currency conversion questions
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 |
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