Quote:
Originally Posted by newyorker88
For USD notes, if your notes are crumbed, or folded, even by the tips, they would not want to exchange. rates for 100 dollar notes are highest, while smaller notes command smaller rates.
Use Singapore dollars best, in Batam.
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Yes I know all that.
My survey was exhaustive in the area (all places around those few blocks inquired) and of course for equal conditions: brand new 100 USD notes.
Change rates varying from 9200 to 9750 for same 100USD notes are a LARGE difference! It's something like 6%!!
In conclusion, investing time in surveying the market may allow to save lots of money.
It was not my strategy to go to Batam with USD. I had those 1000 USD as cash payment in another country and I kept them, instead of changing them to my home currency and deposit them to my bank account, to avoid losing on double change fees.
PS: Today change rates for USD are significantly higher. I see on XE that we are above 10,400!!