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Paypal conversion rate passed 50 INR/1$ !

Discussion in 'PayPal' started by Hmmm.., Nov 22, 2011.

  1. lavascope

    lavascope Greenhorn

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    #21
    Good time for all paypal users...Happy Sharing
     
    lavascope, Nov 25, 2011 IP
  2. rdthewall

    rdthewall Active Member

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    #22
    Yes definitely. As long as the European economy stays in slump, we can expect rise in this rate.
    If Paypal has stopped auto-withdrawal, I would suggest holding the money OR withdraw some portion of it.
     
    rdthewall, Nov 27, 2011 IP
  3. DumpPaypal

    DumpPaypal Peon

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    #23
    WHATS the current maximum incoming money transaction limit?
    Still 500 USD? or 1500 now i need for personal accounts only!

    reply asap!
     
    DumpPaypal, Nov 27, 2011 IP
  4. karthimx

    karthimx Prominent Member

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    #24
    If not verified then $500

     
    karthimx, Nov 29, 2011 IP
  5. RichWay

    RichWay Peon

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    #25
    No wonder RBI wants to put an end to Paypal in India. When some mugs here have been selfishly happy about the increase in dollar value!
     
    RichWay, Nov 30, 2011 IP
  6. PCOnline

    PCOnline Peon

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    #26
    Still paypal is paying very low conversion rate they are giving more than 2 INR per USD less to the indian users.
     
    PCOnline, Nov 30, 2011 IP
  7. DumpPaypal

    DumpPaypal Peon

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    #27
    That's not the answer to my question "WHATS the current maximum incoming money transaction limit?[/B]
     
    DumpPaypal, Dec 1, 2011 IP
  8. karthimx

    karthimx Prominent Member

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    #28
    Its coming down again. Today's rate is

    1 USD = 49.7835 INR less then 50
     
    karthimx, Dec 1, 2011 IP
  9. rajin

    rajin Well-Known Member

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    #29
    man i prefer $ 45 or 46 because that certainly not harm other economies . also i would like to see PAYPAL letting us all indian users buy at least 10$ worth products per month .i certainly want to buy a domain
     
    rajin, Dec 1, 2011 IP
  10. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #30
    Little bit more down today as well. Its reversing day by day.

    DON.
     
    deluxdon, Dec 2, 2011 IP
  11. karthimx

    karthimx Prominent Member

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    #31
    Yes correct, its reversing. We will know on Monday how its going to be, either up or down.

     
    karthimx, Dec 3, 2011 IP
  12. DumpPaypal

    DumpPaypal Peon

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    #32
    Currency Exchange rates always fluctuate except if a reserve bank (of any country) pegs it against some common currency say dollar and intervenes (buys or sells, as per discretion) and that too efficiently to protect that peg/value. (Bank of England was almost 'broken' by George Soros , who made billions in a day ...http://en.wikipedia.org/wiki/Black_Wednesday)
    Chinese yuan was similarly protected from appreciation against USD from long (when the dollar index was falling). Chink'is are bit relaxed now when US FED has talked about a bill of taxes for chinese imports (making Chinese exports cheaper is the policy for pegging the yuan till now)

    As far as guessing things like.. it will go up and its falling and this & that...thats simply ILLOGICAL.
    If one is a technical analyst or who tracks prices esp. of currencies, he/she tracks charts and price action and thus a LOGICAL person to sought advise from (esp. for those who trade foreign currencies; USD/INR pair is a shitty pair to trade with crap liquidity )
    REMEMBER, illiquid pairs like these can't even be analyzed properly, technically as their value is not 'commonly' controlled by "Free markets"

    Therefore...just sit cool and withdraw and deposit normally...just like doing normal business! You can't time things. (will probably end up f**ked up, in net profit/loss)


    Just FYI
    - USDINR is horribly illiquid, relative to many major as well as minor foreign currency pairs.
    - RBI is too protective till now (nothing wrong in though)
    - RBI also doesn't have that "BIG" firepower (money reserve) to act in foreign exchange markets, by itself. (Governor has hinted about the inability few days back & talked about market does its own). In true sense its the 'free market' which decides whats the value/ "Aukaad" of a currency :p
    - I am sure RBI will not intervene till may be RS depreciates to 60/usd. (Then too it would just be temporary...if USD index is really moving up in coming months ---RISK AVERSE Move)
    - The central bank known for its interventions is SNB (Swiss national bank) and you dont f**k with that bank. On Sept 2 2011, Currency EURCHF noticed the biggest change /day in the value of a fx pair... close to 10%, when this BEAST intervened along with strong talk of pegging the EURO to 1.2 CHF (Swiss Franc) . SNB had its own failures but it stands by what it says.
    - Bank of Japan (BOJ) is doing failed interventions for japanese yen against USD, since decades..still on these days. So forget about RBI's crap (except if any govt. legislation/major policy change occurs...unlikely with FII outflows and india's GDP slowing down....the reason for FDI policy adopted by govt ..few days back)


    Hope this helps
     
    Last edited: Dec 3, 2011
    DumpPaypal, Dec 3, 2011 IP
  13. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #33
    I think it'll move towards downwards. Let's see :)

    DON.
     
    deluxdon, Dec 3, 2011 IP
  14. karthimx

    karthimx Prominent Member

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    #34
    Similar thing happened before 2 years. It went till 51.8 and then back to 48 :)

     
    karthimx, Dec 3, 2011 IP
  15. karthimx

    karthimx Prominent Member

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    #35
    Its going up this week

    Almost 50 today

    1 USD = 49.9980 INR

     
    karthimx, Dec 8, 2011 IP
  16. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #36
    Yes. Little bit bounce back ;) Hope it crosses 50+ again soon.

    DON.
     
    deluxdon, Dec 8, 2011 IP
  17. karthimx

    karthimx Prominent Member

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    #37
    OMG I can't believe its back to life time high

    Paypal rate 50.8 +

    Original rate 52.85 and its going high every hour :O

     
    karthimx, Dec 12, 2011 IP
  18. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #38
    Currently its 1$=51.50

    DON.
     
    deluxdon, Dec 13, 2011 IP
  19. Linkmentor

    Linkmentor Peon

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    #39
    today rate $1 = 53.45 Inr I am happy to withdraw
     
    Linkmentor, Dec 13, 2011 IP
  20. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #40
    This is not paypal's exchange rate.

    Paypal's today exchange rate is $1=51.52 Rs.

    DON.
     
    deluxdon, Dec 13, 2011 IP