Author Topic: Exchange foreign currency (Read 8645 times)

Charlie Brown · « **on:** May 22, 2012, 07:34:12 PM »

What would be the best way for exchanging foreign currency to us$.
Are there any good heimishe money changers still around?

AsherO · « **Reply #1 on:** May 22, 2012, 08:07:30 PM »

Quote from: Charlie Brown on May 22, 2012, 07:34:12 PM

What would be the best way for exchanging foreign currency to us$.
Are there any good heimishe money changers still around?

What currencies? Are you in the US? How good a rate are you expecting?

Charlie Brown · « **Reply #2 on:** May 22, 2012, 08:33:38 PM »

Euro's and canadian$. I'm in ny. I would like to close to the exchange rate

smart brit · « **Reply #3 on:** May 22, 2012, 08:39:28 PM »

I always have the same problem exchanging gbp/eur/chf and yet to find a decent rate. I end up at chase bank always.
Interesting there are no Jewish forex exchangers around as in Israel Uk etc

Cbs · « **Reply #4 on:** May 24, 2012, 04:43:01 AM »

if i have a bunch of THB (thai), where would be the best place to exchange - good rate and no fees (if possible)? should i buy USD before i leave BKK or change in JFK or at a bank?
i hate airports though cuz they charge a fortune -

Dan · « **Reply #5 on:** May 24, 2012, 09:26:49 AM »

Buy stuff in the market (fake polo/la coste polos for $3, etc) and sell in the US?

Cbs · « **Reply #6 on:** May 24, 2012, 09:44:16 AM »

Quote from: Dan on May 24, 2012, 09:26:49 AM

Buy stuff in the market (fake polo/la coste polos for $3, etc) and sell in the US?

thats one idea just a bit of a hassle. sell on ebay?

but im talking about bigger amounts - 30-40,000 baht or so.

sruly101 · « **Reply #7 on:** May 24, 2012, 09:44:28 AM »

Quote from: Dan on May 24, 2012, 09:26:49 AM

Buy stuff in the market (fake polo/la coste polos for $3, etc) and sell in the US?

lol

Dan · « **Reply #8 on:** May 24, 2012, 09:48:59 AM »

Quote from: Cbs on May 24, 2012, 09:44:16 AM

thats one idea just a bit of a hassle. sell on ebay?

but im talking about bigger amounts - 30-40,000 baht or so.

400 shirts x $6 profit per shirt is a couple grand in your pocket

Silver/gold goods are very cheap as well. May be worth looking into and making a quick profit rather than a loss on the exchange.

Cbs · « **Reply #9 on:** May 24, 2012, 09:55:51 AM »

Quote from: Dan on May 24, 2012, 09:48:59 AM

400 shirts x $6 profit per shirt is a couple grand in your pocket

Silver/gold goods are very cheap as well. May be worth looking into and making a quick profit rather than a loss on the exchange.

lol
im on it!

txtmax4 · « **Reply #10 on:** May 24, 2012, 09:58:40 AM »

Find any meshulach and they will usually have no problem changing Euros for Dollars.

eliteflyer · « **Reply #11 on:** August 22, 2012, 04:12:51 PM »

Quote from: txtmax4 on May 24, 2012, 09:58:40 AM

Find any meshulach and they will usually have no problem changing Euros for Dollars.

If I'm not interested in tracking down a meshulach, is my local Chase bank the best place to exchange few hundred euros into USD?

txtmax4 · « **Reply #12 on:** August 23, 2012, 12:54:28 AM »

Quote from: eliteflyer on August 22, 2012, 04:12:51 PM

If I'm not interested in tracking down a meshulach, is my local Chase bank the best place to exchange few hundred euros into USD?

By "best" you mean best out of the worst?
Chase will not give you a good exchange rate.

MarkS · « **Reply #13 on:** August 23, 2012, 10:53:00 AM »

Cambridge Mercantile is a frum owned company that I use.

princea143 · « **Reply #14 on:** December 15, 2013, 01:36:39 PM »

So, did anybody find a decent exchange place? I have Can $, Sing $, Thai Baht, Malaysian Ringgit, Philippine Pesos, and looked in Chase, Wells Fargo, and Citi, and WF had the best rates, but I needed to be a customer. Well, I hate Wells, so I'm still on the look out. What do you think about private exchange firms or airport exchangers? Running out of ideas, and I need to change before these paper/plastic bills are out of circulation. I'm in Los Angeles, CA area by the way.

Emkay · « **Reply #15 on:** January 21, 2014, 09:39:35 PM »

Im in the U.S looking to change dollars into euros for my trip to italy this weekend, whats my best and cheapest option?

nate · « **Reply #16 on:** January 22, 2014, 09:03:52 AM »

if you have an amex platinum you can change money in the airport, without paying fees. They might not give you a great rate though

Emkay · « **Reply #17 on:** January 22, 2014, 11:26:19 AM »

Quote from: nate on January 22, 2014, 09:03:52 AM

if you have an amex platinum you can change money in the airport, without paying fees. They might not give you a great rate though

I just cancelled my platinum, any other ideas?

princea143 · « **Reply #18 on:** January 23, 2014, 09:34:16 PM »

Quote from: Emkay on January 21, 2014, 09:39:35 PM

Im in the U.S looking to change dollars into euros for my trip to italy this weekend, whats my best and cheapest option?

Too bad you barely have time to do what I did as you are leaving soon. I was in Asia for over a month last Nov-Dec, and I set up a Charles Schwab account 2 weeks before leaving. I made sure that they expedited the debit card, and I deposited enough money for that month. I barely brought cash in my wallet (just for back up), and I brought my Chase Sapph and Ink Bold (no foreign transaction fees). So, I used my cc's where they were accepted, and if I need cash, I would withdraw from any ATM that accepted Visa/MC as Charles Schwab credits back the fees at months end. Win win!!!

princea143 · « **Reply #19 on:** January 23, 2014, 09:36:24 PM »

Quote from: Emkay on January 21, 2014, 09:39:35 PM

Im in the U.S looking to change dollars into euros for my trip to italy this weekend, whats my best and cheapest option?

A thought though: find out if any banks or partner banks that we have here are in Italy. If you have an account here, you could withdraw there with minimal or no fees. Update me on what you decide.