Converting money back to USD

[fstuff1]

The currency booths at airports are a ripoff.

I thought my bank (Capital one) would have a better rate. Nope 

 

 

I had 200 Singapore dollars. The official exchange rate would give me $149 USD.

The capital one near my house only gave me $139. I said the official exchange rate would give me $149 but she said that's what the computer says.

 

$10/149 is 6.7% fee 

 

Edited December 13, 2023 by fstuff1

[fstuff1]

 

My receipt.

Official exchange rate is $0.745 for 1 Singapore dollar.

 

I thought Capital one would have a better rate than the airport booths because capital one credit card doesn't charge foreign exchange fees and gives the market exchange price when I buy in a foreign currency.

 

Edited December 13, 2023 by fstuff1

[d9704011]

36 minutes ago, fstuff1 said:

$10/149 is 6.7% fee

Not so bad.  If I were to do the same thing at my local currency exchange (which is pretty good), the fee would be about 5%.  I guess if I had a couple million SGD, I'd spend a little more time and effort but for small amounts it's hardly worth it.