When the stock markets tank, the USD vs other currencies also move. The USD appreciates and the other currencies depreciates. So, if you are converting USD to your currency, you would be happy.
This is the correct way to look at the volatility! If you begin to fret over the incidental loss, it would serve no purpose... except making you anxious and worried, each time you do the withdrawal! Regards, RightMan
As anticipated.... stock markets have risen sharply today and so, the dollar rate is down sharply to below 45. It is quoting at 44.90... right now! Regards, RightMan
Today i withdrawn some money into my bank account and i got rate of 42.93. Why Paypal is providing so low conversion rate?
You should have waited for a better rate. The stock markets were up... I guess for a one day wonder and have collapsed again today! Dollar is already quoting at 45.25 in the spot market today! Regards, RightMan
Dollar rate now when I am withdrawing is around 43 plus something and I wish it would atleast come up with a 45 mark atl east...Seems like paypal conversion is very low at the moment. If you have spare money to spend and you dont need it yet better wait to withdraw..
Next 2 days would be lackluster days with not much movement either ways... though I guess they would set the trend for the coming days! Regards, RightMan
I said better you save it. In me years trading experience when it is the lowest, you better keep buying. Till it hit something big and soar. But remember perseverance is the key. Always accumulate it.
However, my dollar rate in my country is so high if compare to my local currency. 1dollar=4280 riels. I dont know why it is still keeping high and high
yes, please see daily sensex. when it will decrease the Dollar rate will be high and when it will increase the Dollar rate will be drop. Thanks