[Noisebridge-discuss] Exchanging GB Pounds to US Dollars while minimizing conversion loss?

Rachel McConnell rachel at xtreme.com
Thu May 28 18:10:34 UTC 2009


I have heard from many people that ATM rates are remarkably good as it's
fully automated and there's competition between the networks.  Although
I'm not sure you want to take $24k out in cash, and at $300 per day it
would take some time!

Kristian Erik Hermansen wrote:
> All,
> 
> Can anyone recommend the best method for exchanging GB pounds to US
> dollars while minimizing conversion loss?  For instance, using Paypal
> would be a really bad idea because you get hit with all sorts of
> transaction fees in addition to a sub-par exchange rate.  Also, going
> through the bank might not be wise due to their sub-par exchange
> rates.  Perhaps there is a more creative way?  ;-)  The amount is
> $15,000.00 GB pounds to be converted to US dollars.
> 
> According to Google:
> 15 000 British pounds = 23 953.5 U.S. dollars right now
> 
> Cheers,



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