Exchange rates at online casinos

[Acesover8s]

I made a deposit of 1000 GBP into an online casino and my neteller account was charged $1,874.06 1 week ago. I requested a withdrawl a few days later for the same amount and in my account today received $1,783.64.

That seemed odd to me, so I checked todays exchange rate and I got the amount of $1,828.70.

So, my questions are:

1) Do exchange rates fluctuate this much in such a short period of time?

2) Where can I get archived information of exchange rates?

3) Is it reasonable to try to use these sites exchange rates to my advantage?

4) Do online casinos charge a fee or vig on the exchange rate?

[Wayne]

[ QUOTE ]

1) Do exchange rates fluctuate this much in such a short period of time?
2) Where can I get archived information of exchange rates?
3) Is it reasonable to try to use these sites exchange rates to my advantage?
4) Do online casinos charge a fee or vig on the exchange rate?

[/ QUOTE ]

1. No, except in the case of major disasters/wars/scandels.
2. Unknown
3. No, see #4
4. Vig is taken. Most people believe it is Neteller that is taking a cut. Not clear how much is being taken.

[serling]

NETeller uses http://www.oanda.com/ for their conversion rates and tacks on an additional 1.9 percent coming and going.

serling