Currency Exchange Rates Ins and Outs
You don’t want to be shocked when you get there and realize the possibility of an enormous difference in monetary value, and that your money isn’t worth close to what is in your own country. Then again, it may end up that you are happily surprised upon discovering that your payment is worth double or triple in the country you are going to be visiting then what it’s worth at home.
On a personal level, you can send international wire transfers to family or friends abroad, pay overseas college tuitions, or put a deposit down on a vacation rental in a foreign country. Another great feature they offer is a currency converter right on their home page. You can find out what your money’s worth in almost any country around the world in just a few seconds!
You will want to be informed of the exact currency exchange rates so that you know precisely how much you are paying for that stock. It may seem like a reasonable price until you convert your dollars. You may end up paying much more than the stock is actually worth, defeating the whole purpose of investing.