Saturday, April 17, 2010

1 USD = 1.34017 SGD

1 USD = 1.34017 SGD

That is the rate Paypal is currently giving me for exchanging for $100+ USD dollar. I don't dabble with forex but a quick google "1 usd to sgd" gives me 1.37260069 which is around 2.4% higher. Should be fair given I see somewhere the fee for forex in Paypal is 2.5%.

An alternative to letting Paypal gets the 2.5% profit is to direct sell to others in need of Paypal USD fund in exchange for fund transfer to my local bank account. Saw people posting that in some local forums.

His rates seem to imply it should be possible to sell the balance this way. Will definitely consider this option.

US$1 to US$19 -------- 1.40
US$20 to US$49 -------- 1.39
US$50 to US$99 -------- 1.385
US$100 to US$499 -------- 1.38
US$500 to US$999 -------- 1.375
US$1000 & above -------- 1.37

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