Subject: currency converter
grantbone
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Post at 2-7-2009 10:04  Profile P.M. 
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currency converter

bros, not sure if you guys use this already or know about this already, but i find this to be quite useful when i read about the different currencies stated in this forum...

http://finance.yahoo.com/currency-converter

hope it's useful for you guys too!
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twiceAweek
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Post at 2-7-2009 12:32  Profile P.M. 
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Reply #1 grantbone's post

  
yes been using this for sometime ... works great !
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nobody
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Post at 3-7-2009 18:08  Profile P.M. 
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Theres much better ones around with more functionality. 1st link on google; keyword currency converter
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Stonecold
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Post at 3-7-2009 18:18  Profile P.M. 
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yeah....google search does a whole bunch of things including currency and unit conversion

To get an idea of how this works try putting the following into the google search field...

For currencies:
1 usd in baht
345.32 pound in euro

For simple unit conversion
23 meters in feet
234 liters in gallons
32 F in C

For more complicated unit conversions
92 pounds per sq inch in kg per sq meter
100 inches per minute in cm per hour
232 liters per second in pints per year

......there's a whole bunch of other nice little secrets hidden away in google seach...

try putting this in the search field:

define: SCUBA
define: 141
define: prostitution


he he he.... have fun!
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grantbone
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Post at 4-7-2009 21:52  Profile P.M. 
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the google search one is pretty good as well...both are good.  thanks for sharing the other one.
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dboy721
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Post at 4-7-2009 23:10  Profile P.M. 
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I've always used xe.com - found it very up to the minute for rates, and simple.
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grantbone
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Post at 4-7-2009 23:50  Profile P.M. 
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dboy, this is a pretty good site as well...just added it to my bookmarks...

thanks for the tip!
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ksoz
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Post at 5-7-2009 06:20  Profile P.M. 
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Reply #6 dboy721's post

Agreed. xe.com rates are a pretty useful guage. Sometimes, you find the currency rates online, and then you go to the moneychangers and the difference between the real rate offered by them and the online rate is quite big.

For me, at least, the rates on xe.com are more useful compared to other sites. But other than websites, sometimes its useful to find out more on the financial news, cos it tells you the monetary policies of countries, and what the governments are doing to keep their currency rates up or down to help their economies.

Tells you more on when is a good time to change currency notes. Timing is everything.
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Froddo
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Post at 5-7-2009 10:42  Profile P.M. 
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Reply #1 grantbone's post

yeah it's a good guide but the banks always seem to take bigger margins when I buy/convert curency.

The last time I was in HK I went to change some US$ near the bottom of Nathan Road and went up to a currency exchange on the street but noticed more inside the arcade (may be the "Imperial"?) and the further I walked in the better the rates, ain't the free market great.
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grantbone
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Post at 5-7-2009 13:53  Profile P.M. 
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froddo, you're right on the margins that these people charge...i use the converter first to get an idea what the real rate is...and look for someone that comes closest before exchanging...also, the more amount you want to exchange the better the rate you get...

if you have an atm card, the ex rate you get is usually pretty good as well..
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dboy721
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Post at 5-7-2009 18:52  Profile P.M. 
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Reply #7 grantbone's post

No problem grantbone - happy to help!

If you're spending abroad, it's also worth researching credit cards - some give you a much better rate, closer to the rate quoted on xe.com, rather than taking a massive buy/sell margin themselves for their troubles.

E.g. in the UK, Nationwide do some good offerings.
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boxa4040
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Post at 25-10-2009 11:14  Profile P.M. 
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i use http://www.ozforex.com.au/

it has all currencies not just oz so everyone can use it

the reason i prefer it to xe is that it has a long term graph. that way you get an idea of currencies over time.

the gfc has really messed things up but the aus dollar is strong again after dropping to 60 or 70cents
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moming
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Post at 25-10-2009 13:07  Profile P.M. 
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Any one knows where is the best place to convert US$ to HK$ in Hong Kong? I heard ChungKing Mansion might be a good place, any other places?
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DutchDoubles
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Post at 25-10-2009 13:18  Profile P.M. 
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Reply #13 moming's post

The whole stretch of Nathan Road in TST is littered with many money changers. Most offer
very similiar and competitive rates for the USD. ChungKing Mansions and the area around
Mirador Mansion are good bets.

On HK Island, most of the money changers are located around the Central/Wan Chai/Causeway
Bay area as it is the most heavily tourist populated. You may get marginally better rates at TST
but this is really quite insignicant unless you are changing large amounts of USD.

As the USD is widely accepted for exchange, the moneychangers are compelled to keep their
rates really competitive. Just don't change at the Airport - possibly the worse rates in HK.




  
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grantbone
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Post at 25-10-2009 13:30  Profile P.M. 
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as dutchdouble says, avoid the airport exchangers like the plague..i did it one time, it was just horrible.  it wasnt much but the rate was even worse then the exchange i got in china...that tells you how big of a rip off it is..

tst is the most competitve place.  just shop around as it changes daily...
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bigmek
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Post at 25-10-2009 14:20  Profile Site P.M. 
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I prefer google. just type usd hkd, usd cny or usd mop, etc.... fast and simple
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Finn
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Post at 26-10-2009 16:39  Profile P.M. 
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just to use the yahoo one
but www.xe.com is way faster and easier
just an option
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56kicks
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Post at 30-10-2009 09:54  Profile P.M. 
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I think www.xe.com is reliable because currency traders use it too...that's gotta account for something!

Moreover, how come no one here has suggested exchanging at the banks? HSBC and the others give you a much better rate by far compared to the currency peeps in TST/HK Island... I know this thread was probably started by a non-HK resident, but if you live here, there's really no reason not to take advantage of your bank.
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DutchDoubles
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Post at 30-10-2009 14:45  Profile P.M. 
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QUOTE:
Originally posted by 56kicks at 30-10-2009 09:54
I think www.xe.com is reliable because currency traders use it too...that's gotta account for something!


Online FX tools like Xe.com and Yahoo Finance are used by FX traders because the rate reflected
is the up to date market rate and that would also be the rate that they would trade in.

Whereas for us who do FX not for investment or trading, the rates given by these online
websites do not indicate the commission fees that each bank/money changer would charge
for changing your money.

So these tools would be useful to give you a good idea of what the base rate should be
and when you go out to change your money, you can tell how much a moneychanger is
charging for commission just by checking out the rate that the shop is offering.




  
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mrkirk
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Post at 1-11-2009 02:36  Profile P.M. 
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Be careful with foreign credit cards

I have had a problem recently at some hotels and restaurants. They see my foreign card and try to charge me in USD at a punitive exchange rate.  It is almost always better to pay in local currency and have the credit card convert the money for you.
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