1 USD = 43.8945 INR --- Whats up with exchange rates

Discussion in 'Payment Processing' started by Bohra, Mar 17, 2010.

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  1. RightMan

    RightMan Notable Member

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    #21
    I do not find anything good in this rate... as it is the lowest so far, since last many many months! :(

    Regards,

    RightMan
     
    RightMan, Apr 11, 2010 IP
  2. indian_seo

    indian_seo Peon

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    #22
    paypal rates are always low, when xoom was working... its rates were better than paypal...
     
    indian_seo, Apr 12, 2010 IP
  3. Moses8595

    Moses8595 Peon

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    #23
    How about xoom fees?
     
    Moses8595, Apr 12, 2010 IP
  4. RightMan

    RightMan Notable Member

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    #24
    Even after taking into account the charges of Xoom, the currency conversion rate offered by them was good enough to offset not only such fees, but also give us more bucks for the same amount of dollars! :)

    Regards,

    RightMan
     
    RightMan, Apr 12, 2010 IP
  5. Dhaval1983

    Dhaval1983 Peon

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    #25
    Paypal always provide and sometime horrible conversion rate to Indian users. I just got a problem with that otherwise it is fine/
     
    Dhaval1983, Apr 12, 2010 IP
  6. linkstrade

    linkstrade Active Member

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    #26
    frens, why we are indian thinking about ourselves only? u dont know if dollar rate goes down that mean our indian economy is going more strong in front of us economy, did u think about it?
    i know its penny that we get lower amount in return of 1 usd but just think how much good condition we are in when 1 usd = 1 INR, indian will be equal to us people in economy, just feel it right now, i m not joking guys, i also have $12000 in paypal but i m happy that INR is growing up :)

    do u people think i m wrong ?
     
    linkstrade, Apr 12, 2010 IP
  7. RightMan

    RightMan Notable Member

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    #27
    No.. you are not wrong since the imports would become lot more cheaper and more people would be able to buy lot many things.... but look at the other side of the coin as well. Exports get badly hit and companies especially in the textile sector who operate on wafer thin margins are very badly hit.
    Do not forget that textile sector is the most labour intensive sector and it provides work to huge many people! :(

    Regards,

    RightMan
     
    RightMan, Apr 12, 2010 IP
  8. Tranzemaniac

    Tranzemaniac Active Member

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    #28
    They go by Interbank Exchange Rates, but I checked Interbank Exchange Rates and it never gone down less than 44 in last 7 days, yet paypal is coverting 1USD to 42.XX RS. They are saving big bucks right there.
     
    Tranzemaniac, Apr 12, 2010 IP
  9. Bohra

    Bohra Prominent Member

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    #29
    they cut their fees its basically an indirect fees they charge
     
    Bohra, Apr 12, 2010 IP
  10. ashishchandradev

    ashishchandradev Greenhorn

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    #30
    Last year I had withdrawn from PayPal with exchange rates 49 point something.
    Lower exchange rates are good for India but bad for we cyber businessmen.

    However, PayPal rates are always around 1 INR less than the real rate.
    PayPal does not give us good exchange rates.
     
    ashishchandradev, Apr 12, 2010 IP
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