How to Know Exchange Rate/Withdraw Your Money

Comments

• net2nadeem Member Posts: 6 ✭

  October 2015

  I request administrators of this community to Sticky this post after confirming this method

  <3 Her Rah Tanha <3

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• Nasir Khan Member Posts: 163 ✭✭

  October 2015 edited October 2015

  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 You can now withdrawn $44.38 in pakistan rupees from ATM.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.

  net2nadeem you have just copy and paste information and calculation from my following comment replacing rates and figures. At least you should give credit to me.
  
  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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