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#1
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Re: Neteller Canadian Exchange
It's like when you go to an exchange shop, you'll notice they have 2 prices a buy and sell price. They are always different.
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#2
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Re: Neteller Canadian Exchange
Ok ,let me clear this up for you.
A freind & I had a bet about this yeras ago & so we got the definitive answer.It's almoost a play on words Here it is............ One is the "rate of exchange".....namely what it would cost you to buy " $100,so 1.207 Canadian buys you $100 U.S, conversely,the other is the % rate & that means what it would get for each Canadian dolaar so the0.7974 is what you would get on any one unit.Og course thet still get the vig between those 2 numbers,which is usually about 2 points on the buy & the sell both.Hopefully not much more. |
#3
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Re: Neteller Canadian Exchange
There is always a "spread" in those transactions, which is the remuneration for the middle man who handles the settlement for the transactions.
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