Timeline for Where to convert USD to AUD for maximum benefit?
Current License: CC BY-SA 3.0
6 events
| when toggle format | what | by | license | comment | |
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| Feb 19, 2014 at 4:34 | comment | added | Russell McMahon | Also another involving India Pakistan Bangladesh Maldives Sri Lanka Myanmar - name escapes me. (It was on my Indian visa application but until then unknown to me. ) | |
| Feb 19, 2014 at 4:30 | comment | added | Russell McMahon | ... than seems likely at first glance. Countries with a somewhat common financial ethos in the same general region may well use a common 'platform' to agree on such things, if they decide it's useful to do so. Could be APEC, ASEAN,... or some subset thereof. In fact ASEAN matches your list quite well - Indonesia, Malaysia, the Philippines, Singapore, Brunei, Burma, Cambodia, Laos, Vietnam. | You could also muse re SAARC, BIMSTEC, MGC, ECO, TC SCO, ACD, GCC. And yes, I cheated. I got that list here :-) | |
| Feb 19, 2014 at 4:22 | comment | added | Russell McMahon | @hippietrail - " ... are generally ..." and other weasel words :-). Our 'man on the ground' / much more widely experienced traveller than I [that's you :-) ], and other rapporteurs, are liable to be able to provide individual examples to confirm or deny this sweeping generalisation. | Off the top of my head (as it were) I think it (probably) applies in China (mainland), Hong Kong, Malaysia, Singapore, Brunei, Indonesia. I should be able to add personal experiences for India and maybe Nepal shortly. | I think the "just mostly came to some agreement" may in fact be closer to reality .... | |
| Feb 18, 2014 at 3:42 | comment | added | hippietrail | "In Asia" ... "by law" - really? So Bangladesh, Brunei, Burma, Cambodia, China, India, Indonesia, Japan, Korea, Laos, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Taiwan, Thailand, Vietnam just mostly came to some legal agreement about these fees? It sounds too monumental to just believe without some evidence. | |
| Jan 24, 2014 at 1:41 | comment | added | Phil | Some thoughts on why there are different rates for different currencies: Trading a stable currency is less risky than trading an unstable one that might lose 10% of value in 3 days. Trading a commonly used currency is less risky than a rare one as there is a fair chance that you will sell what you bought on the same day and thus make money from it quickly, while you might need to hold onto a rare currency for a couple of weeks until you can sell it again and the rate might fall in that time. | |
| Jan 23, 2014 at 20:28 | history | answered | Russell McMahon | CC BY-SA 3.0 |