Paxum exchange rate USD/EUR.. a little shitty?
Hi there!
Looks a little shitty for me.
Wanted to change some USD to EUR so I can withdraw the money through EFT, but the exchange ratio doesn't looks right:
Exchange Rate* 1 USD = 0.7445 EUR (1 EUR = 1.3432 USD)
*Exchange Rate valid on 2012-12-03 09:58:55 (UTC)
Where my local bank (real physical bank, not an internet bank) would give me a rate of 1 EUR = 1.3197 USD
So theoretically (not calculating the time going to the bank cashing in a cheque) I'm better of with a simple cheque withdrawal.
Let's assume I want to take out 1000 USD and 4000 USD.
PAXUM EFT scenario:
1000USD => 744.49EUR - 6.66EUR (8.95$ EFT fee) = 737.83 EUR in my bank account
4000USD => 2977.96EUR - 6.66EUR = 2971.30 EUR in my bank account
PAXUM CHEQUE scenario:
1000USD => 757.75EUR - 10EUR (min. bank fee) = 747.75 EUR in my bank account (means +9.92EUR)
4000USD => 3030.99 - 30.3EUR (1% bank fee) = 3000.69 EUR in my bank account (means +29.39EUR)
Of course you can't compare the speed of both transactions, where the EFT arrives in a few days and with cheque you wait more then a month (arrives in 2-3 weeks, then the fucking bank deposits it in 1 month.. fucktards lol).
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