[Macau Travel Tips] Hidden Commission for TT to Philippines
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Eric Chen
Jun 25, 2007, 11:31:26 AM6/25/07
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Some Filipino friends told me that it only cost MOP$25 per transaction to send money to the Philippines. There seems to be no other charges.
I was skeptical and decided to investigate. Some simple math calculations indicated that this company charges somewhere around 4% to 5% commission on currency conversion.
Hence, I am exposing such hidden commissions with my Money Changer Rate Table spreadsheet with both the Hong Kong dollar and Macau Pataca as the base currencies.
It features the following currencies: Filipino Peso, Indonesian Rupiah, Singapore Dollar, Euro, US Dollar, Australian Dollar.
You can download the special spreadsheet here and print it out for reference
http://groups.google.com/group/macau-travel-tips/files
Disclaimer: This spreadsheet is created for educational purposes only. The author is not liable for any errors or omissions in this work. Use it at your own risk.
By the way, I use a popular software called Currency Converter 2 to get the latest forex data straight off the Internet.
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Posted By Eric Chen to Macau Travel Tips at 6/25/2007 01:59:00 PM
I was skeptical and decided to investigate. Some simple math calculations indicated that this company charges somewhere around 4% to 5% commission on currency conversion.
Hence, I am exposing such hidden commissions with my Money Changer Rate Table spreadsheet with both the Hong Kong dollar and Macau Pataca as the base currencies.
It features the following currencies: Filipino Peso, Indonesian Rupiah, Singapore Dollar, Euro, US Dollar, Australian Dollar.
You can download the special spreadsheet here and print it out for reference
http://groups.google.com/group/macau-travel-tips/files
Disclaimer: This spreadsheet is created for educational purposes only. The author is not liable for any errors or omissions in this work. Use it at your own risk.
By the way, I use a popular software called Currency Converter 2 to get the latest forex data straight off the Internet.
--
Posted By Eric Chen to Macau Travel Tips at 6/25/2007 01:59:00 PM
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