Is it a good time to visit a money changer?

June 10, 2016

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When is a good time to buy foreign currency – One of the biggest question that bugs every traveler when he/she is at the money changer would be:

Is it a good time to buy foreign currency?

To solve this, we’ve built a rate adviser and this is our methodology on how we determine if the rates are good:

We pulled 6 months (180 days) worth of daily rates data from the European Central Bank.
Averaging of every currency (sum average).
Then we compare the average with today’s rate – also from the same European Central Bank source.

From there, if today’s rates were better then the 6 month average, we would then determine that it is a good time to change.

Good rates would receive a thumbs up and bad rates will receive a thumbs down.

However, if today’s rate is lower then the 6 month average, we would then determine that it would not be a good time to change.

With this, we hope you can make a better decision if it is the best time to visit your money changer.

As always, visit CashChanger.co to find out who has the best rates in Singapore!

As usual, are you a money changer? Join us by leaving your contact here directly and stand to gain our whole suit of software and hardware for free to help digitize your business. 🙂

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