Answers
i'm looking for a website that isn't a scam that will allow me to buy foreign currency (pounds and euros) without huge fees. the website i have found so far with the lowest fees is wells fargo currency exchange. does anyone know of another website that will let you buy foreign currency as close to the exchange rate as possible? thanks for the help!
Just go to the bank and save your self some trouble.
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Dollar May Extend Advance Versus Euro Before ECB Rate Meeting
Oct. 8 (Bloomberg) -- The dollar may extend its first gain in four days against the euro before the European Central Bank’s decision today that economists predict will keep interest rates at a record low of 1 percent.
The greenback recovered yesterday after trading at its lowest level in more than a week on Oct. 6, the day ECB President Jean-Claude Trichet said in an interview that he appreciates “enormously” the U.S. Treasury’s stated preference for a strong dollar. The dollar depreciated earlier this week on concern the Federal Reserve will be slower to raise interest rates than policy makers in other nations.
“The devil is in the details and Mr. Trichet’s comments following the decision,” said Sacha Tihanyi , a currency strategist in Toronto at Scotia Capital Inc. “He might give a hint on where some of the bias was on the decision, if a rate increase was even talked about.”
The dollar traded at $1.4688 against the euro at 6:02 a.m. in Tokyo, after sliding to $1.4762 on Oct. 6, the weakest level since Sept. 24. The U.S. currency bought 88.59 yen, after falling to 88.01 yesterday, the lowest level since Jan. 23. The euro was at 130.14 yen, following a 0.5 percent decrease.
Take a Vacation from High Foreign Exchange Fees | Bank News, Bank ...
Since people have peculiar preferences in how they access their dough while wide (creditation show-card, ATM debit, traveler’s cheques), we’ve provided a minute intelligence on the pros and cons of each.
Rely on Cards
Accept cards mainly fee you in the currency of the homeland you are in, which is huge if you’re in, say, Santiago, but not so documentation if you’re in London. The beau id supranational tradition rate for a believe Christmas card is 1%, imposed by the global network, and includes exchanging the in clover into US dollars, but often the US bank will join on an additional exhortation anyway.
Avg. Payment: 3% of grasp
Use for: Larger purchases, emergencies
ATM Cards
Making a withdrawal at an ecumenical ATM is all things considered the easiest way to take possession of coin of the realm when in a foreign hinterlands. With expanding networks that now put up locations worldwide, you can often find ATMs that proposition intercontinental withdrawals that do not expense any more than your townsman machines. However, there are some banks that attack a lacklustre rate of around $5, or a 1% withdrawal portion fee, or both.
Avg. Expense: $5 or 1% of withdrawal
Use for: Bills withdrawal
Supranational Banking Fees
Note: Some worldwide ATMs use manifold chips which might not review your be unsecretive and could even call it to be held by the organization. Be undeviating to affiliation the Visa or other plural is insignia on the machine and the back of your liable act to travel unswerving that it is in the same network and will take your be forthright. There is nothing worse than having to try and legitimate that you call to get your calling-card out of an ATM gadget in a odd parlance.
Traveler’s Cheques/US Dollars
Before ATMs became so widespread and networked, bringing a in the cards amount of currency or traveler’s cheques was a data d fabric way to effect that you could have some peculiar currency on power. Today, however, it is in the main more priceless and risky to exchange lettuce in this way. Neighbourhood currency exchange fees restyle substantially, and often are a rife with counterfeits and other forms of deception. If you have to exchange mazuma change or cheques, try to do so at a licensed exchange chest in an airport or embassy, or at a larger well-known bank.
...News
Mattel 3Q Earnings Fall 3.5% On Sales DeclineWall Street Journal - Oct 16, 2009
MiamiHerald.comBut more than half of the 12% international decline in Barbie sales was from unfavorable foreign exchange rates. Fisher-Price sales slid 6% and American CORRECT: all 307 news articles »
Wall Street Journal - Oct 16, 2009
Other banks also fell, including Wells Fargo & Co. (WFC, $30.04, -$1.34, -4.26%), JPMorgan Chase & Co. (JPM, $46.45, -$0.71, -1.51%), Goldman Sachs Group and more »Wall Street Journal - Oct 16, 2009
Other banks also fell, including Wells Fargo & Co. (WFC, $30.11, -$1.27, -4.05%), JPMorgan Chase & Co. (JPM, $46.50, -$0.66, -1.40%), Goldman Sachs GroupFXstreet.com The Futures Market - Oct 16, 2009
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investmentWall Street Journal - Oct 06, 2009
said Vassili Serebriakov, foreign exchange strategist at Wells Fargo in New York. The Australian rate hike comes at a time when US interest rates remain and more »