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.
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23-04-2010, 12:03 PM #1
Online forex rates
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23-04-2010, 12:08 PM #2
I use xe which is usually pretty spot on. I think googles are only updated once a day or something.
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23-04-2010, 12:11 PM #3
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.
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23-04-2010, 12:13 PM #4
I use Yahoo for checking exchange rate....much better than google.
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23-04-2010, 12:16 PM #5
Yep, xe.com is my favourite.
I was just surprised that king of information, Google, has such a lousy service in this regard.
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23-04-2010, 03:13 PM #6
I only use Oanda, would not occur to me to use something generic like yahoo or google!
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23-04-2010, 03:22 PM #7
I also use Oanda but also FxPro and FXCM. I'd never use google, yahoo etc to check fx rates
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12-09-2011, 04:54 PM #8
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.)
