BUY DOLLARS?

1. Traders buy dollars at the official

One of the things that most people are buying dollars when the money is counterfeit dollars. So, one way to avoid the possibility is with the seller to buy the official, such as a bank or money changer.

Indeed, the bank or money changer can even sell counterfeit dollars to you. But they certainly have the interest that you would always return to their place and so the customer. This means, they also maintain the reputation. If a customer disappointed until then enter their name in the Letter to the newspaper? I can not make them bad ads.

Now, compare with the seller of dollars of individuals and not the official who generally do not have that reputation has been built so that usually does not have the interest to maintain the reputation.


2. Never hold a long-time dollar paper money

Why is that? Because of the physical changes a few dollars on the money you can make valued lower than they should. Once a day my wife and I get U.S. dollars of paper from a friend. Number of 200 dollars. We acquired the four slabs 50 dollars. The rate was around Rp 9,100 per dolarnya. When trying to sell a money changer, there is little physical comprised of yellow. Simply staff there said he did not want to buy my dollars worth Rp 9,100, but must be cut to Rp 50.

This means, for one sheet is 50 dollars, my loss of Rp 50 per that dollar. I think, fortunately it comprised only the physical shape of yellow. If they keep ... So, once again, do not withhold the money paper dollars. After that you better save in the safe deposit box, or send only to the bank.

Indeed, when we deposited sometimes cost you harming the rate difference. But I think, because of exchange losses are still more than losses due to physical changes of dollars. Long time, can-dollar money you can not even be valued as if the physical form of a genuinely broken. If paid to the bank, the money you will dollars recorded in their accounting system, not in physical form. In addition, can also be flowers. Not bad, huh?


3. Know the meaning of the term Currency Exchange Rates Buy and Sell

Many of us still interpret one (or often be confused on the meaning of) the exchange of buying and selling on the exchange where buying and selling dollars. Okay, supposing you come to the bank. Then there there are writing the exchange rate of Rp 9,000 to buy and sell exchange rate of Rp 9,100. The question now, if you want to buy dollars, the price of how you will buy the dollar?

The answer is in the exchange rate of selling. This means selling the exchange rate is the exchange where the bank is willing to sell the dollar. Conversely, the exchange is to buy the exchange where the bank is willing to buy dollars you have. You should always view and interpret the size of the exchange from their side, not from your side. Not vice versa.