New Posts For Thread: PC - calculating and exchange rateshttps://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-ratesHello to everybody. I would like to invite to all who is paying PC to change the account currencie. My account is in Euro, but all the calculations are making in GBP. Just for 4 month i have lost of 1800 GBP just from different exchanges rates. WhatFor the last 15 weeks the exchange rate of BF is between 5-10 % higher than the highest rate for the week at all. How i made the calculation - i am downloading Metatrader 4, and compare the rates. One more time - best solution is to open a new accounhttps://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074974#421074974For the last 15 weeks the exchange rate of BF is between 5-10 % higher than the highest rate for the week at all. How i made the calculation - i am downloading Metatrader 4, and compare the rates. One more time - best solution is to open a new accounFri, 09 Apr 2010 05:02:31 -0500My account is also in euros and I have to agree. We should make Betfair inform us on the exchange rates it operates with on a daily basis.https://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074950#421074950My account is also in euros and I have to agree. We should make Betfair inform us on the exchange rates it operates with on a daily basis.Thu, 08 Apr 2010 15:02:08 -0500Yes all the caluculations are in GBP. There is no options to see nothing in other curencie than GBP. Your local currencie does not matter. And there is no chance at all to be changed in the future.https://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074926#421074926Yes all the caluculations are in GBP. There is no options to see nothing in other curencie than GBP. Your local currencie does not matter. And there is no chance at all to be changed in the future.Thu, 08 Apr 2010 13:50:28 -0500The Investor thanks for clarifying; by what you say it appears overseas customers who are fortunate enough to pay PC get a raw deal.https://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074870#421074870The Investor thanks for clarifying; by what you say it appears overseas customers who are fortunate enough to pay PC get a raw deal.Thu, 08 Apr 2010 08:51:17 -0500Can anyone tell me how Betfair hedge their own currency risk?The OP is implying that Betfair cream a profit on non sterling PC payers contributions through FX.https://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074866#421074866Can anyone tell me how Betfair hedge their own currency risk?The OP is implying that Betfair cream a profit on non sterling PC payers contributions through FX.Thu, 08 Apr 2010 08:44:19 -0500Hazel, from what I've heard Betfair do indeed do the calculations based on sterling not on the customer's local currency. It surprises me that the discrepancies are large though.At some stage during the process exchanges in currency obviously take plhttps://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074862#421074862Hazel, from what I've heard Betfair do indeed do the calculations based on sterling not on the customer's local currency. It surprises me that the discrepancies are large though.At some stage during the process exchanges in currency obviously take plThu, 08 Apr 2010 08:42:37 -0500sorry if I am being a bit dim but, are you saying that each week betfair exchange your euro/dollar profits into sterling, then do the PC calculation, then exchange your PC back into euro/dollar? I find that hard to believe. Surely they do the PC cahttps://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074854#421074854sorry if I am being a bit dim but, are you saying that each week betfair exchange your euro/dollar profits into sterling, then do the PC calculation, then exchange your PC back into euro/dollar? I find that hard to believe. Surely they do the PC caThu, 08 Apr 2010 08:24:18 -0500Yeah i've been wondering about this, my account is in australian dollars and so far my pc payments are always higher than what my calculations say they should be... I figured it was some f**king with the exchange ratesBut if i am a registered Austrahttps://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074850#421074850Yeah i've been wondering about this, my account is in australian dollars and so far my pc payments are always higher than what my calculations say they should be... I figured it was some f**king with the exchange ratesBut if i am a registered AustraThu, 08 Apr 2010 06:46:28 -0500Hello to everybody. I would like to invite to all who is paying PC to change the account currencie. My account is in Euro, but all the calculations are making in GBP. Just for 4 month i have lost of 1800 GBP just from different exchanges rates. Whathttps://community.betfair.com/general_betting/go/thread/view/94082/23538970/pc---calculating-and-exchange-rates?post_id=421074838#421074838Hello to everybody. I would like to invite to all who is paying PC to change the account currencie. My account is in Euro, but all the calculations are making in GBP. Just for 4 month i have lost of 1800 GBP just from different exchanges rates. WhatWed, 07 Apr 2010 06:21:16 -0500