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Converting Euro to US Dollars

  • 26-09-2003 5:17pm
    #1
    Vorrtexx
    Registered Users, Registered Users 2 Posts: 541 ✭✭✭


    The other day I went into the Bank of Ireland to convert Euro to US Dollars.
    I asked for $140, and it cost be €150.94

    On my receipt it said be rate was €1 = $0.92

    I thought the current rate was €1 =~ $1.14

    Did I get ripped off, and should I go back (again) ?


Comments

  • #2
    oneweb
    Registered Users, Registered Users 2 Posts: 3,177 ✭✭✭oneweb


    AFAIK it depends on the rate used. For example there's an Interbank rate. It might be that the bank has a different rate for business users and another for personal? There's also buy rates and sell rates cash rates cheque rates and credit-card rates. And the rate changes at least daily.

    Also be aware that banks charge commission for conversion.

    It is what it's.



  • #3
    PhilipMarlowe
    Subscribers Posts: 4,419 ✭✭✭PhilipMarlowe


    Yeah, thats all wrong...
    It should have cost you less in euros than the dollar amount, around the €125-130 mark...
    Somebody got their multiply and divide thing wrong.


  • #4
    Vorrtexx
    Registered Users, Registered Users 2 Posts: 541 ✭✭✭Vorrtexx


    well personally that's what I thought too.


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