I'm canadian on party, way to avoid the exchange rate?

[davmcg]

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I have always found their rate to be decent, but not as good as stars. If I was cashing out tens of thousands, I would care, but by converting my money to CAD, they are doing me a service, and I don't mind paying. What I usually do before a cashout is go to the currency converter on Yahoo, and compare. Most banks have a buy and a sell rate, the difference or "spread" is their profit. I have no problem with them making a small profit for me. I bet if you compare the rate Party charges to that of Yahoo, and add a 2% spread on both sides, Party is reasonable.

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Did you see the other post on this subject? If you bought in 1000 Canadian and cashed out the same amount you would receive 928. This is a spread typical of a high street forex retailer and not the wholesale markets that Party operates in. (Indeed if they were properly managed they wouldn't convert any currency other than their revenue - they could just hedge against excessive movements)