blackomen asked:


The spot rate for the Swiss Franc has been around 1 to 1.05 francs to every dollar in the past few months, according to Yahoo Finance. When I ask a local Forex dealer to exchange dollar for Swiss Francs, they want $305 for 300 Francs which is quite far from the spot rate (and doesn’t include the service fee.)

I’ve consulted quite a few dealers and they all want more than $1 for 1 Franc. I’ve only looked at dealers and banks in the US.. I’d rather have a few hundred Francs in emergency cash when I arrive in Switzerland to avoid paying the ripoff rates at the airport.

Even though $1 is worth more than 1 Franc, I’m still happy if I can get an effective exchange rate (after fees and royalties) of 1 to 1. Is this possible or am I not looking in the right places?

London

One Response to “Foreign Exchange: Rates quoted on Yahoo Finance vs. Rates given by your local Forex dealer?”

1. Danometer on October 17th, 2008 8:06 pm

   For the conversion which is built into their conversion which is built into their conversion which is built into their conversion which is built into their conversion which is built into their conversion which is built into their conversion factor.