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Today's Financial Task: Foreign Currency Exchange

November 27th, 2009 at 08:26 pm

We received some foreign currency during the overseas family's visit. Given how weak the US Dollar is right now, we decided to exchange it right away rather than hold on to it.

Figuring out where we could get the best exchange rate was my PF job of the day. I started calling around as soon as the banks opened. Even tho' they charged a $5 transaction fee for non-customers, Wells Fargo turned out to offer the best deal for us. Drove to WF, did the exchange to US$, then drove to my bank to make my deposit.

Mission accomplished.

Tomorrow's financial task? Scheduling on-line bill payments. Whee.

4 Responses to “Today's Financial Task: Foreign Currency Exchange”

  1. midlight21 Says:

    Oh, I sooooo was hoping you were going to discuss diversifying investments into some foreign currency. I'm there right now in my pre-decision making process for the upcoming 2010 Roth IRA contributions. We will probably be investing in some type of foreign currency play.

    Good deal shopping for the best exchange rate.

    Looks like you are truly coming along on your Balance Sheet Affluent goals - do you have any new results to post?

  2. Broken Arrow Says:

    Were there any free services available at the airport?

    I could be wrong, but I've exchanged services at certain places at major international airports before. I think they were free....

  3. baselle Says:

    What? I depend on you to tell the ins and outs of the "carry trade"! Big Grin

  4. scfr Says:

    BA - We received the currency from family that was visiting from overseas.

    baselle - Do you remember the foreign exchange desk they used to have at the Westin hotel on 5th/6th in Seattle, ages ago? They used to offer the BEST exchange rates.

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