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How to Know Exchange Rate/Withdraw Your Money

net2nadeem
Member Posts: 6 ✭
1. Find out interbank buying rate of dollar. You can search "pakistan dollar interbank rate" in google and find this rate from forex sites. Today interbank buying rate of $1 is Rs. 104.01
2. Deduct 3% master card exchange charges from it. (104.01 x 3 / 100 = 3.12) ( 104.1 - 3.12 = 100.98). Your rate of exchange for $1 is 100.98
3. Suppose you have $ 47.88 in your card, now deduct $3.5 (ATM transaction fee from it) ( $ 47.88 - $3.5 = $44.38)
4. You can now withdrawn $44.38 in pakistan rupees from ATM. Multiply this amount with rate of exchange which we calculated above. ( $44.38 x Rs. 100.98= Rs. 4481.49). You can withdraw 4000.00 from any ATM machine which accept master card Currently & leave 481.49/- in your card.
2. Deduct 3% master card exchange charges from it. (104.01 x 3 / 100 = 3.12) ( 104.1 - 3.12 = 100.98). Your rate of exchange for $1 is 100.98
3. Suppose you have $ 47.88 in your card, now deduct $3.5 (ATM transaction fee from it) ( $ 47.88 - $3.5 = $44.38)
4. You can now withdrawn $44.38 in pakistan rupees from ATM. Multiply this amount with rate of exchange which we calculated above. ( $44.38 x Rs. 100.98= Rs. 4481.49). You can withdraw 4000.00 from any ATM machine which accept master card Currently & leave 481.49/- in your card.
<3 Her Rah Tanha <3
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I request administrators of this community to Sticky this post after confirming this method<3 Her Rah Tanha <30
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net2nadeem said:1. Find out interbank buying rate of dollar. You can search "pakistan dollar interbank rate" in google and find this rate from forex sites. Today interbank buying rate of $1 is Rs. 104.01
2. Deduct 3% master card exchange charges from it. (104.01 x 3 / 100 = 3.12) ( 104.1 - 3.12 = 100.98). Your rate of exchange for $1 is 100.98
3. Suppose you have $ 47.88 in your card, now deduct $3.5 (ATM transaction fee from it) ( $ 47.88 - $3.5 = $44.38)
4. You can now withdrawn $44.38 in pakistan rupees from ATM. Multiply this amount with rate of exchange which we calculated above. ( $44.38 x Rs. 100.98= Rs. 4481.49). You can withdraw 4000.00 from any ATM machine which accept master card Currently & leave 481.49/- in your card.
Comment posted in topic page 3 of "atm withdrawal in pakistan"
http://community.payoneer.com/en/discussion/comment/45651/#Comment_45651
By the way Payoneer ATM fee per transaction is $3.15 and not $3.50
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