Quote:
Originally Posted by Kafka
Ridiculous Exchange Rate: 1 USD = 0.7869 EUR (1 EUR = 1.2708 USD)
Market: 1.2384
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Yes, you need to compare the 1.2708 to the 1.2384 rate.
It is a difference of 1.2708 / 1.2384 = 1.0262
In other words, a currency exchange markup of 2.62%
Costly, yes, but not surprising or uncommon at all when it come to exchanging currencies.