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What currency should I keep my bankroll in?(one more time)
I posted it earlier in Finance forum, but it seems it was the wrong place to do so.
So here it is again: "I was recently thinking a lot about what's the best choice for me. Many sites allow you to choose the currency you want to keep your balance in. Poker games are played in $. Every time i put money on or off the table pokerroom converts it. Most of my accounts are in $ now. I moved to UK recently and am considering switching my poker accounts currency from $ to £. It has two significant advantages: - I can withdraw from my poker accounts to my UK bank account directly(no exchange costs). - I don't have to worry about $ condition anymore. It seems all good as long as pokerroom is using the same rates both when putting money on and off the table. I asked Betfair about it. Here's their response: "Rates are normally applied once daily, which means they will not alter during the day. We use an international Bank Forex rate USD/GBP. Similiar rates and conversions can be found on www.xe.com" In my understanding this means that rates are the same and i won't be losing money on conversions. I would appreciate if someone with better knowledge could confirm if I'm right about it. It is an important decision for me. Do i miss anything here or is it indeed the best choice for me? If that's not the right forum, feel free to move. Thanks in advance for all opinions. " |
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