"Spehro Pefhany" wrote in message
news:q3fbgvsmbturkqlmtv68gn2qsulkevtn2c@4ax.com...
> On Fri, 4 Jul 2003 20:33:02 +0300, the renowned "Markku Grönroos"
> wrote:
>
> >
> >"M Katz" wrote in message
> >news:s1iNa.55135$0B.723587@wagner.videotron.net...
> >>
> >> "Miguel Cruz" wrote in message
> >> news:JJhNa.20399$n%5.8231@nwrddc02.gnilink.net...
> >> > M Katz wrote:
> >> > > If you are travelling anywhere such as the Philippines, better to
buy
> >> the
> >> > > local currency here than to waste your holiday time chasing around
to
> >> cash
> >> > > the traveler's checks.
> >> >
> >> > That's a waste of time and money too. Just use ATMs in the
Philippines.
> >>
> >> Wouldn't you just get local currency at whatever rate the local ATM
> >imposes?
> >>
> >Aren't you supposed to get LOCAL currency at ATMs in the Philippines ?
What
> >do you expect to withdraw: Russian rubles ?
>
> ;-) Well, I think the ATM doesn't "impose" the exchange rate, it's
> billed to your bank in the foreign currency and your bank determines
> the exchange rate, some percentage above the interbank rate, which is
> usually pretty reasonable.
>
I guess you quite right about this.
|
