Klarinet Archive - Posting 000346.txt from 2001/10

From: "Mark Charette" <charette@-----.org>
Subj: Re: [kl] A case of currency blues
Date: Fri, 12 Oct 2001 01:46:45 -0400

----- Original Message -----
> If the exchange rate is 1.42 US dollars to 1
> GBP on a given day, WHO USES THIS CONVERSION RATE?

Bank to bank transfers (those that move very large amounts of money,
probably not your local bank). That's why using a credit card if possible
gives you one of the best rates - the credit card companies give you very
near spot rates on currency conversions.

You might want to contact Forest Aten of the Dallas Opera at
forestaten@-----.

Mark C.

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