1 0
Where and How do you buy a foreign currency for Payment ?
Post 1 of 12
Just want to know (survey)


Among  all the International  traders here,


How and where do you buy  a foreign currency  to pay  merchandise & Freight ?


PF:  Understand that each state had its own regulation,  but let it be acknowledged.

        it is good to know every country  Forex - Policy / Reg.
Award 10 MVPs ( What's this? )for the best answer.
26 Jul 2008 22:49
Post 2 of 12
huyidao
offline
No Company Website yet
Overall Ranking MVP:946 Rank:239
Quoting from [Oneuni]:


Just want to know (survey)



Among all the International traders here,



How and where do you buy a foreign currency to pay merchandise & Freight ?



PF: Understand that each state had its own regulation, but let it be acknowledged.


it is good to know every country Forex - Policy / Reg.


To inform the bank's international dept to change it.

27 Jul 2008 23:50
Post 3 of 12
To : Hu Yi Dao,


Thanks for the answer.
28 Jul 2008 14:31
Post 4 of 12

Quoting from [Oneuni]:


Just want to know (survey)

Among  all the International  traders here,

How and where do you buy  a foreign currency  to pay  merchandise & Freight ?


PF:  Understand that each state had its own regulation,  but let it be acknowledged.    it is good to know every country  Forex - Policy / Reg

Ask your bank. They will do it for you. They are licensed to do so; so it is part of their job. Some countries also allow exporters to maintain accounts in foreign currencies. The exporter can pay for imports (and other expenses) from this account too.

30 Jul 2008 19:59
Post 5 of 12
Quoting from [Oneuni]:


Just want to know (survey)



Among  all the International  traders here,



How and where do you buy  a foreign currency  to pay  merchandise & Freight ?



PF:  Understand that each state had its own regulation,  but let it be acknowledged.


        it is good to know every country  Forex - Policy / Reg.



Try www.xe.com we trade our forrign currencies there.

good luck

 

Distrabit

30 Jul 2008 21:42
Post 6 of 12
Mr Catalyst ;

thanks for the recommendation
31 Jul 2008 06:32
Post 7 of 12
to Distrabit :

Thanks for the advise ...
31 Jul 2008 06:33
Post 8 of 12
Quoting from [Oneuni]:


Just want to know (survey)



Among  all the International  traders here,



How and where do you buy  a foreign currency  to pay  merchandise & Freight ?



PF:  Understand that each state had its own regulation,  but let it be acknowledged.


        it is good to know every country  Forex - Policy / Reg.

contact to your bank, if more than USD 10,000,- you ask to your bank they can give you good rate.

I suggest you have more than 1 bank, in order to get good rate.

 

01 Aug 2008 03:24
Post 9 of 12
to Davadi :  thanks for the suggestion
02 Aug 2008 16:01
Post 10 of 12
We still only got sources of info for buying forex  via:

1. Bank

2. www.xe.com


how about

 3. Money changer

4. Other non bank resources.


06 Aug 2008 08:43
Post 11 of 12
Quoting from [Oneuni]:

We still only got sources of info for buying forex  via:


1. Bank


2. www.xe.com


how about


 3. Money changer


4. Other non bank resources.


They do not know enough. It is as simple as that. Plus:

  1. A license is necessary to handle forex as a business, especially treasury operations
  2. There are any number of consultants from where one can get advice (only advice, not forex).

 

06 Aug 2008 19:46
Email this page Bookmark this page