Online forex rates

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  1. #1

    Join Date
    Nov 2008
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    4,373

    Exclamation Online forex rates

    Hi All,
    just a quick warning, be careful with online forex rates.
    e.g. I just had a quick look at AUD rates in Google, came up as 7.20 HKD which I knew was wrong, screenshot shown.
    First one is Google, Second is xe.com, Third is our own system

    I know Google don't guarantee the accuracy etc etc, but it's a pretty big margin of error.


  2. #2
    bdw
    bdw is offline

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    Feb 2009
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    I use xe which is usually pretty spot on. I think googles are only updated once a day or something.


  3. #3
    bdw
    bdw is offline

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    By the way, if you are using the HK banks to exchange currencies, I find that Standard Chartered offers better rates across the board than HSBC (I dont know about the other banks). They have a smaller gap between the buy and sell rate than HSBC.


  4. #4

    Join Date
    Jun 2005
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    I use Yahoo for checking exchange rate....much better than google.


  5. #5

    Join Date
    Nov 2008
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    Yep, xe.com is my favourite.
    I was just surprised that king of information, Google, has such a lousy service in this regard.


  6. #6

    Join Date
    Mar 2007
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    I only use Oanda, would not occur to me to use something generic like yahoo or google!


  7. #7

    Join Date
    Jan 2009
    Location
    Hong Kong
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    I also use Oanda but also FxPro and FXCM. I'd never use google, yahoo etc to check fx rates


  8. #8

    Join Date
    Aug 2009
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    1,593

    From looking around on various threads, did everyone conclude HSBC Premier's Hong Kong 24-hour FX exchange rates (during FX trading hours) weren't that great from a spread viewpoint? Obviously "commission fee free", but with wide spreads and not such great rates? (e.g. GBP to HKD, HKD to EUR etc.)