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Moneybookers exchange rate, whats going on?

Robbie444 · 2009-10-12 15:20:50

Hi, I just withdrew $940 from stars using moneybookers and when I look in my moneybookers account now I can see that there is only $897.50. My moneybookers account is in euro so when I convert it this is the amount it gives me. I looked on xe as well and it is giving me $919 for €623.80 where as moneybookers converts it to…

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12-10-2009 4:20pm

#1

Robbie444

Closed Accounts Posts: 138 ✭✭

Join Date: June 2009

Posts: 98

Hi, I just withdrew $940 from stars using moneybookers and when I look in my moneybookers account now I can see that there is only $897.50. My moneybookers account is in euro so when I convert it this is the amount it gives me. I looked on xe as well and it is giving me $919 for €623.80 where as moneybookers converts it to less. So, can anybody please tell me how this works coz I am a bit clueless when it comes to currency rates and stuff, and have I just lost $42.50 by withdrawing?
Thanks

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#2 12-10-2009 4:33pm
Zab

Registered Users Posts: 1,931 ✭✭✭

Join Date: February 2002

Posts: 1863

I don't know if moneybookers are good or bad on the exchange rate side (I'd suspect bad though), but the rate you see on xe.com is the mid-market rate, you won't get that anywhere.

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