Quote:
Originally Posted by Black Page
It happened once to me to get an exchange rate for USD vs. IDR a bit (<1%) higher than the one on XE.
I call that "market inefficiency", or a strong need of immediate foreign cash by that retailer, who was also betting on rates going up soon, or simply he was in need of immediate foreign cash because someone involved in black market offered him an even higher rate for immediate cash.
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Agreed...It does happen,
Especially when the fluctuation is fast...
The staff might hv not got the update rate from boss.