08-02-2011, 08:49 AM
kazukirai Wrote:Am I making comparisons from the right place?
XE gives the mid-market rate which is the rate between the bid/ask. You CANNOT get the mid-market rate because nobody makes any money exchanging for you at that rate. It is strictly for reference only.
If you get 1.2746 and XE says 1.2739 the difference is about 0.5% which IMHO is pretty good, unless you transact millions of dollars regularly, in which case you could ask for a slightly better rate. It will still not be as good as the XE rate though.
I know UOBKH and Phillip both publish their bid/ask rates online. For me, as long as the spread is 1% or less I'm not complaining.