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Old 30-10-2022, 04:32 PM
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Re: Batam Info / Interest / Help Thread

Quote:
Originally Posted by HeatguyAlvin View Post
Interesting that you shared the xe rates and noted that when i was there Google showed 10,800+ but money changer only give 10,600+
That is less than 2% fee! Very good.
They are not a charity. They run a business, which is applying a markup on currency conversion.
From our perspective, what we should do is to find the best seller, that is the agent applying the smallest markup.
Still agents applying 20% markup exist and run a successful business, because they cater lazy people, or those who have no other choice (e.g., last minute changes in airports).