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Re: Re: Yen Rate for Bank Wire? (Sat Sep 25 07:03:53 1999
) Debbye http://www.animiko.com/cels_gallery2.htm SailrMars1@aol.com |
Hello, Using xe.net's currency rate is not the best indicator by what is sometimes a long shot. Depending on the bank, you may get a really high rate since they charge extra above the yen rate for commission. After all, they ARE selling the currency to you. The rate you quoted while somewhat high, is not too far from what my bank will be charging me to do a transfer. When I checked today, one bank told me .0109, with the expectation for the yen to go even higher(lower yen/dollar ratio) in the weeks to come! The best rate I could find for reference was .01008 and that wasn't my bank, unfortunately. But just look at the range between those 2 figures. So, it all depends on the bank. Still, these are REALLY high rates when you consider that the yen has been fairly weak for some time and many of us have gotten accustomed to getting favorable rates.... Take care, :) - Debbye |
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