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Best currency converter web site? Are Euros now in use all over?

Best currency converter web site? Are Euros now in use all over?

Old Apr 10th, 2001, 12:40 AM
  #1  
Marty
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Best currency converter web site? Are Euros now in use all over?

Through a search engine I found a cureency converter web site but it didn't say how often they update their calculations. For example I am trying to find out how much 270 DM is in US funds and it says it's 125 dollars. Is this accurate? What is the best online site to convert funds on? Also it shows Euros and I have seen things quoted online web sites in Euros so I wondered if Euros are now in common use or are people in stores etc still using money from each country?
 
Old Apr 10th, 2001, 12:48 AM
  #2  
christina
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ciao marty

you will not find the euro exchange till 1.1.2002! now the currency is virtual. the change will be from 1.1.2002 till 28.2.2002 in this time you can buy euros in banks. after the 28.2.2002 the country currencies will not exist anymore. a bank in switzerland do have a good exchange counter: www.eek.ch go to "berechnen", choose "change-rechner", go to "fremdwährung zu fremdwährung" choose in the second line your us$ amount, and choose in the last line your country currency. it will give you the exact exchangerate.

good luck!

christina
 
Old Apr 10th, 2001, 04:06 AM
  #3  
Rex
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I use http://www.xe.net - - others also speak highly of http://www.oanda.com - - both are updated every minute, I think, maybe every second. They're tied to major financial centers, and have the same kinds of live links as "real-time" stock market quotes.

At the time I am spoting this, for example, this is what www.xe.net is saying:

Live Rates as of 2001.04.10 12:01:17 GMT.

270.00 DEM Germany Deutsche Marks = 123.453 USD United States Dollars

Best wishes,

Rex
 
Old Apr 13th, 2001, 01:07 PM
  #4  
Ger
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I use the following site:

http://www.xe.com/ucc/

Also, if you have a "palm pilot" you can download programmes from the web and keep it current through the daily newspapers.

Although the Euro is not in use as yet, most large stores are quoting prices in local currancy and Euros. Chain stores throughout Europe are printing Euros on tags. I have found it so in large cities in France, Spain, Sweden, UK, Spain, Italy over the past six months.

Regards
 
Old Apr 13th, 2001, 01:44 PM
  #5  
peter
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marty for cuttency converter try www.oanda.com/converter/classic. what i like is you can print crib sheets from either direction from this site. on conversion od dm to $ a good rule of thumb now is divide dm by 2 and it gives a close approximation
 
Old Apr 13th, 2001, 01:44 PM
  #6  
frank
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Actually, if you have a Palm Pilot, I'd recommend the free download "FXPilot" from www.oanda.com. Evertime that you "sync" the palm with your PC, it downloads the most current conversion rates from the internet. In addition to every currency known to man (Did you know tha you can get 7598.78 Laotian Kips per $1 US?), it has converters for weight, length, temperature, and conversions between US and European clothing and shoe sizes.
 
Old Apr 13th, 2001, 01:58 PM
  #7  
Bob Brown
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My experience with foreign exchange is consistent with the descriptions above.
Pricing in euros and the local currency was common in Paris and Vienna.
For current exchange rates, I like Yahoo because the table of currency values is integrated with the financial section where I can also check stock and mutual fund prices. The list of foreign currencies on Yahoo is extensive.

The financial markets are closed today because it is good Friday, but the closing price of one euro yesterday was .888 of a dollar or 88 and 8/10 cents.

Switzerland has yet to adopt the euro, so the banks located there will remain a money changing center.

It is my understanding that any paper money in the old currency can be redeemed for euros for a long time to come, but as I understand it, coins cannot be converted after the "drop dead" date of Feb 28, 2002.

The cost of a DM on Thursday was 45.6 cents. So if you bought 270 marks it would cost you 123.12, provided you could get the bank wholesale rate of exchange. Normally there is a little leakage because the banks charge a little more for small transactions.

If you really want to get clipped, try exchanging small amounts of money when changing from one country to the other.
The euro will make that practice a thing of the past for travelers to many nations, but Switzerland will be holding on to its franc.
 

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