Quote:
Originally Posted by Jim Bremner
Citibank I caculated euro @ 1.297 to the USD and they want to exchange at 1.37
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No, that's $1.37 for one Euro. You have it reversed. 57k Euros is around $74,100.
I used an online currency converter that averages the buy/sell price and I told the seller on CL I was willing to pay $1.30 per.
Don't let a bank mess with you on this. Check their math. I once went to a small local bank to buy Deutsch Marks and the lady had the conversion reversed. I kept explaining her mistake and she insisted on showing me that day's WSJ page that showed the prices. I repeated that the price was correct, just not her conversion math. I finally had to go find an ex-GF who was a boss at that bank and ask her to make things right, which she did.