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Currency conversion question

FastMachine · 2006-03-14 16:20:37

I'm wondering how much money I loose out on every time I change currency. I have a Neteller account (online bank account) and it's in dollars so I'll be taking a currency hit everytime I withdraw to my bank account. Am I loosing out on an insignificant amount of money or is it something I should be worried about. I plan to…

14-03-2006 4:20pm

#1

FastMachine

Closed Accounts Posts: 268 ✭✭

Join Date: January 2006

Posts: 244

I'm wondering how much money I loose out on every time I change currency.
I have a Neteller account (online bank account) and it's in dollars so I'll be taking a currency hit everytime I withdraw to my bank account. Am I loosing out on an insignificant amount of money or is it something I should be worried about. I plan to withdraw about €10K (actually the accounts in dollars so it'll be about $11875) every week. How much will it be when it arrives in my bank account.......for example: would it end up as €9,999 (no problem) or €9750 (bit of a problem)?

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