Answers
I am in Norway and I have some Euro travellers cheques . I want to encash them in Euro ,Can someone tell me what is the right method to convert.I am based in a country that doesnt have Euro as currency.
Use this currency converter to establish the market rate going from Euros to Krones. Then call your bank to find out how much they charge to convert. It will probably be a fixed percentage, a fixed fee, or a combination of a fee plus a percentage. Call several banks because they don't all charge the same. There would also be private companies at an airport or train station but they would probably charge more than a bank to convert.
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I purchased stock on the Canadian exchange by converting U.S. $ to Canadian $. Then I sold the stock on the Canadian exchange and converted the Canadian $ back to U.S. $. I have commissions associated with the exchange as well as a loss from the change in the exchange rate. How do I handle these two items? Do I just adjust the cost basis of the security when reporting gains/losses for Schedule D?
You use the USD equivalent on the day you bought the stock.
You use the USD equivalent on the day you sold the stock.
Plug these numbers into schedule D to determine your gain or loss.
ruth, I found a directory of US foreign currency exchanges. http://www.whatisforextrading.com Try visiting one of them to see if they have a service representative that can assist you.
Conversion Table: USD to INR (Interbank rate)
03/29/2006 44.64560
03/30/2006 44.68730
03/31/2006 44.61760
04/01/2006 44.65520
Hi,
I need to convert a large sum of Hong Kong Dollars into US Dollars in Manhattan, NYC and I need to get closest to market rate around 7.75 HKD per USD - is there anywhere this can be done?
I need to convert a large sum of Hong Kong Dollars into US Dollars in Manhattan, NYC and I need to get closest to market rate around 7.75 HKD per USD - is there anywhere this can be done?
Additon: I guess what I am trying to get is a specific answer not generic advice as the first guy below. is there a specfic exchange i can go to for least spread. i know i can go to my bank moron.
Google Says Worst of Recession Is Over, 'Open for Business' on the M&A Front
“While there is a lot of uncertainty about the pace of economic recovery, we believe the worst of the recession is behind us and now feel confident about investing heavily in our future,” Eric Schmidt, the search giant’s chief executive, said in a statement.
On its call with analysts, Google typically gives its take on the broader economic environment, particularly advertising, in addition to how its business fared. It also usually gives updates on individual product lines, like search, YouTube and mobile, before the Q&A starts. (See the Q2 and Q1 recaps )
Highlights from today’s call:
4:26 p.m. EST: A few stats from the news release while we wait: Non-U.S. revenue was $3.14 billion, 53% of total revenue — year-earlier quarter saw 51% outside the U.S. United Kingdom revenue was 13% of total revenue, down from 14%.
Clicks to ads on Google and partner sites increased 14%, while average cost-per-click was down 6%.
CBN, FOREIGN RESERVES AND THE ECONOMY | Vanguard
In last week’s article, “Dollar Reserves: Who Owns What?” we endeavoured to thieve the blanket over the amorphous concept of Nigeria’s foreign reserves. Parenthetically, the Senate has lately in consonance with our circumstances, also frowned at the illegality of the component of the reserves defined as superfluous rudimentary account! (See Everyday Spontaneous headline of 23/10/2009, “Sharing of $2bn Intemperance Uncouth Assets Forbidden – Senate”).
Senate Spokesman, A
yogu Eze maintains that “The Senate has always said that the Residual Unrefined Account is illicit. But you identify that governance is give and take, and then a theme of convenience,” Eze explained.
“All the significant stakeholders, the President and Governors, seem to have agreed that in the interim, where there is no law, since the illegality has already started, they would permit the system to manipulate!
“But typically, it is false for anybody to put his custody in such an account without appropriation. That act is proscribed… “It is not an account known to anybody in this wilderness. It’s not known to our Constitution.”
“Not to be progressive out, Appropriation Panel Chairman, Iyiola Omisiore also insisted that: “The overindulgence blunt account is unfamiliar to the Resident Diet because it wasn’t an Act of Parliament that established it”.
The absurd that derives from the above is why should the highest legislative unit in the homeland audaciously identify and condone such illegality? Where will anticipation for resident redemption possess c visit from if the Nationalist Circle is incapable of stopping such constitutional infractions?
The following is the school-book of a morsel titled: “CBN, Foreign Reserves and the Frugality”, first published in this column on 6/08/07. The article raises the absurd of be like illegality in the disbursement of our foreign reserves. Please skim on:
“Two innocent Newspapers – the Custodian (2/8/2007) and Everyday Self-sufficient (13/7/2007) courageously carried editorials condemning our Medial Bank’s praxis of unilaterally converting our distributable foreign reserves into naira before sharing because of the disruptive and debilitating effects of this functioning on the prosperity of our people. The contents of the Paladin position statement follows below, and it is in consonance with what we have uniformly advocated in this column.
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