September 28, 200421 yr Does anyone have any idea why the (tourist?) exchange rate for US$ depends on the denomination of the banknotes? Doesn't happen in any other country that I know of, and it doesn't happen in LOS except for the US$. Am I looking for logic where none exists? It's just a case of TIT?
September 28, 200421 yr Does anyone have any idea why the (tourist?) exchange rate for US$ depends on the denomination of the banknotes?Doesn't happen in any other country that I know of, and it doesn't happen in LOS except for the US$. Am I looking for logic where none exists? It's just a case of TIT? I believe that US banks pay more for larger denomination notes. Easier to handle ?
September 28, 200421 yr It happens in almost every country I have ever visited. As I understand, the reason for the difference in exchange relates somewhat directly to the increase chance of taking a fraudulent note - and the additional handling costs [insurance costs] on the bank. In certain cases, and at certain times, banks simply refuse to accept certain US notes [usually, but not always, 100s] where there are a large number of forgeries in circulation. SM
September 28, 200421 yr Its a volume thing......US $ is common for people to carry and to exchange (boring as it is) so if they are getting loads of 1 dollars notes it would be a pain in the arse. So, if you dont want em dont pay for em !!
September 28, 200421 yr Author The UK, UAE, Germany, Switzerland, France, Australia and every other country I've been to gives the same exchange rate whether it's a $100 or $10 bill. Only in Thailand is it different, in my experience. And only for the US$. Not for Euros, sterling, Canadian dollars, Australian dollars and so on and so on.
September 28, 200421 yr I just recently sent my wife some money I was sending cashier's checks but it took a long time to verify everything from the states so i started sending money 20 dollar bills but she then told me that she was not getting much for those bank notes I just recently sent her 50 dollar bills but she wanted 100 dollar bills so the higher the bank note the more money you get. She'll probably aske for 1000 next
September 28, 200421 yr Author The UK, UAE, Germany, Switzerland, France, Australia and every other country I've been to gives the same exchange rate whether it's a $100 or $10 bill. Only in Thailand is it different, in my experience. And only for the US$. Not for Euros, sterling, Canadian dollars, Australian dollars and so on and so on.
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