Forex Forums  

Go Back   Forex Forums > Forex Forums > Forex Forum

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 08-17-2015, 07:06 AM
Senior Member
 
Join Date: Aug 2015
Posts: 135
Smile How to Exchange Currency ?

Many international travelers exchange currency before they depart, so they have at least a little money for a cab at the airport or other immediate expenses. Once you reach your destination, you are likely to find currency exchange kiosks at airports, ferry terminals, hotels and other areas where tourists congregate. However, these tend to charge more than banks total fees sometimes run upwards of 7 percent. There are other ways to save, however, if you're willing to plan ahead a little.
1. Understand the process so that you get the best deal. If you've never exchanged currency before, it's a good idea for you to understand a bit about the process so that you don't get any expensive surprises. The general idea is that you'll find a business that exchanges currency, and they'll give you the currency that you want in exchange for a small fee (plus, obviously, the amount of money you want changed). Now, in addition to this, it's important to understand that some currencies are worth more than others. For example, a single euro is usually equivalent to $1.30 USD or .80 GBP. How much the difference is will fluctuate, usually with the state of those economies. So, even though you're exchanging $100, you may only get out 75 euro.
Your goal, then, is to exchange currency when your currency is high and the foreign currency is low, because this means that you'll get more of the foreign money than you would otherwise.
Understand that the dollar (for example) being worth less than the euro doesn't have much to do with the cost of items. The relative cost of items is determined by the market in that area. So, for example, a banana in the US is much cheaper than a banana in Sweden, even though the dollar is strong compared to krona. Read more in http://alpari.com/
Reply With Quote
  #2 (permalink)  
Old 08-17-2015, 09:01 AM
Junior Member
 
Join Date: Aug 2015
Posts: 1
Default

There are many Forex trading systems that you can use in your trading. Due to the large number of systems, you can be confused of the right one to go for. To help you out here are tips on how to choose the right system.
Reply With Quote
  #3 (permalink)  
Old 09-07-2015, 09:29 AM
Junior Member
 
Join Date: Aug 2015
Posts: 8
Default

To help you out here are tips on how to choose the right system. There are many Forex trading systems that you can use in your trading. Due to the large number of systems, you can be confused of the right one to go for.
Reply With Quote
  #4 (permalink)  
Old 09-15-2015, 04:36 PM
Junior Member
 
Join Date: Dec 2013
Posts: 21
Default

Quote:
Originally Posted by talha View Post
Many international travelers exchange currency before they depart, so they have at least a little money for a cab at the airport or other immediate expenses. Once you reach your destination, you are likely to find currency exchange kiosks at airports, ferry terminals, hotels and other areas where tourists congregate. However, these tend to charge more than banks total fees sometimes run upwards of 7 percent. There are other ways to save, however, if you're willing to plan ahead a little.
1. Understand the process so that you get the best deal. If you've never exchanged currency before, it's a good idea for you to understand a bit about the process so that you don't get any expensive surprises. The general idea is that you'll find a business that exchanges currency, and they'll give you the currency that you want in exchange for a small fee (plus, obviously, the amount of money you want changed). Now, in addition to this, it's important to understand that some currencies are worth more than others. For example, a single euro is usually equivalent to $1.30 USD or .80 GBP. How much the difference is will fluctuate, usually with the state of those economies. So, even though you're exchanging $100, you may only get out 75 euro.
Your goal, then, is to exchange currency when your currency is high and the foreign currency is low, because this means that you'll get more of the foreign money than you would otherwise.
Understand that the dollar (for example) being worth less than the euro doesn't have much to do with the cost of items. The relative cost of items is determined by the market in that area. So, for example, a banana in the US is much cheaper than a banana in Sweden, even though the dollar is strong compared to krona. Read more in http://alpari.com/

Can we exchange our fund in e-Payment such as Skrill, PM,WM in terminal kiost like in airport, ferry terminals, hotels and other areas where tourists congregate??
Reply With Quote
Reply

Tags
brokers, forex brokers, trade forex


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT. The time now is 06:01 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0 ©2007, Crawlability, Inc.