"Miguel Cruz" wrote in message
news:47glb.48917$mp1.17694@nwrddc02.gnilink.net...
> Markku Grönroos wrote:
> > "Miguel Cruz" wrote:
> >> All the other charges come from your bank, the one whose name is
printed
> >> on the card (some banks lie and claim the charges are out of their
> >> control but this is not true). So it's all a matter of shopping around
> >> and finding a bank that doesn't charge any extra fees. Once you have a
> >> card like this,
> >
> > May be a bit hard to find such a miracle bank..
>
> Not that hard - it was the first bank I tried.
>
Most people don't have such a card though.
> >> then the only thing you need pay is the 1%, which is much better than
the
> >> gap in exchange rates you'd pay for cash or travelers checks (not to
> >> mention the increased convenience).
> >
> > It is the same for the cheques, do some shopping.
>
> You've claimed this for months with great bluster but never proven it.
Other
> people meanwhile have come up with plenty of examples to the contrary.
>
Actually I did. There has been only ONE anyhow meaningful comparison
pronounced in this group as far as I know. One European currency was
compiled to one Asian currency at one given date this year. One convertion
was for plastic by one bank and the other was for TCs by another bank. Rates
were about as equal as they can (difference being 0.06% to one direction or
another (this magnitude in granulation is typical)). This comparison didn't
take in account the very time the rates were compiled and published (which
may have an impact of 0.1% or 1% or more to either direction). When
choosing between the two media this example in mind, their economy is not an
issue (in general respect). There are a few wizards around denying this (why
then is not known to me). Only me and one British chap has given these
attributes. Nobody else has made any contribution whatsoever in this matter.
It would be nice if you stopped insisting that plastic rates are natively
better over TC rates, because such a claim does not hold the truth. Some
unexperienced readers might take it as you say and that would be of some
annoyance.
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