|
FOR SALE: Euros @ 1.5712 (cash rate)
|
View this Thread in Original format
| dEsidEL |
if anyone needs to buy some Euros i hav some for sale @ 1.5712. pls. note this is a (cash) rate, not non-cash ie. cheque, wire, etc.
they are only available until tommorow so pls lemme know asap via. PM if so ..
i will be in the downtown area tommorow afternoon
thanks
|
|
|
| Jayx1 |
| quote: | Originally posted by dEsidEL
if anyone needs to buy some Euros i hav some for sale @ 1.5712
they are only available until tommorow so pls lemme know asap via. PM if so ..
i will be in the downtown area tommorow afternoon
thanks
|
Thats a bit steep considering they are 1.53 at the moment |
|
|
| dEsidEL |
| quote: | Originally posted by Jayx1
Thats a bit steep considering they are 1.53 at the moment |
whereabouts ?
|
|
|
| Jayx1 |
| check any online exchange such as yahoo currency exchange. Todays rate is 1.53 and was 1.51 a few days ago. |
|
|
| dEsidEL |
| quote: | Originally posted by Jayx1
check any online exchange such as yahoo currency exchange. Todays rate is 1.53 and was 1.51 a few days ago. |
yeah but is that a cash rate or a non-cash rate ? it's different depending on what you wanna do. in addition, where can a rate that low be found through a bank/exchange office in TO ?
if you can tell me , then i'll gladly go there and purchase more at such a rate ..
|
|
|
| Jayx1 |
| usually they mark it up by 1.5% so the sell rate at the bank is most likely 1.55 |
|
|
| dEsidEL |
| quote: | Originally posted by Jayx1
usually they mark it up by 1.5% so the sell rate at the bank is most likely 1.55 |
that's what i mean, there are overhead costs associated when u purchase the currency through the bank. in an ideal world we'd be paying 1.53 which is the true value of the currency at the moment, but that's not the case in reality, esp. on a cash exchange. the currency that i'm selling is at the settlement rate when i purchased it. i just ended up with a surplus which i don't need at the moment.
btw. most banks usually only publish their non-cash rate. there's usually about a 1.5 cent variance when you're purchasing it in cash.
anyways, if anyone still needs some pls. lemme know
|
|
|
| Jayx1 |
| quote: | Originally posted by dEsidEL
that's what i mean, there are overhead costs associated when u purchase the currency through the bank. in an ideal world we'd be paying 1.53 which is the true value of the currency at the moment, but that's not the case in reality, esp. on a cash exchange.
anyways, if anyone still needs some pls. lemme know
|
My point is if you sold it to the bank right now youd be getting about 1.49 back... so 1.57 is pretty high |
|
|
| dEsidEL |
| quote: | Originally posted by Jayx1
My point is if you sold it to the bank right now youd be getting about 1.49 back... so 1.57 is pretty high |
yeah no kidding, the bank isn't in the business of losing money :rolleyes:
|
|
|
| halo20 |
| lol Emery this was an uphill battle from the beginning! Selling cash never really works for anyone. hah |
|
|
| Jayx1 |
| quote: | Originally posted by halo20
lol Emery this was an uphill battle from the beginning! Selling cash never really works for anyone. hah |
He needs to lower his rate to somewhere in between the banks buy and sell rate. Id say 1.52-1.54
Selling it at a premium above whatever the bank even charges isnt exactly going to make people run to buy his euros. ;) |
|
|
| rabbitjoker |
| quote: | Originally posted by Jayx1
Selling it at a premium above whatever the bank even charges isnt exactly going to make people run to buy his euros. |
1.5712 and a rimmer though?... Now we're talkin'! |
|
|
|
|
