In Reply to: Dumb ? re balibestrate.co posted by Hillary on Wednesday, 17. February 2010 at 08:18 Bali Time:
it is actually from the point of view of the money changer. They are buying YOUR currency. The rate today is 8310rp. It is always the lower of the 2 rates. ie they will give you 8310 for your $A & if somebody buys your dollar from the they sell it for 8380rp. Thus their profit margin on that transaction is 50rp.