Singkieu |
12-02-2014 12:00 AM |
Re: Vietnam - HCM (Thread 3)
Quote:
Originally Posted by naemlo
(Post 10489070)
U are using an ideal flat XXed's rates vs the reality of 3rd party (exchange agent and bank or others) selling/buying rates. No one on earth will sell currency at exactly what the financial market is.... they will earn few % of sell and buy.
At 12pm, VietinBank sells VND,
1 SGD = 16571 VND
1 USD = 21085 VND
At 12pm, DBS sells USD,
1 USD = 1.277 SGD
If I have I exchange 127.7 SGD to 100 USD and then change to VND, I will get 2108500 VND
If I exchange 127.7 SGD to VND, I will get 2116116.7 VND.
Lets move on with this... :D
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I did say mine was just an example, I used the rates mentioned by others to illustrate. Pleased that you followed the same principle using real time rates today and got a difference in the order of VND 4-12k from my bad example.
By the way, if you're a friend I'd sell you currency at exact current FX rates. ;)
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