Compare Real-Time Exchange Rates From Money Changers Near You With CurrenSeek
In this week's Tech Tuesday, we take a look at CurrenSeek, a location-based currency comparison app that aims to help you get the most out of your buck.
By John Lim — 23 Jun 2015, 05:52 PM
Frequent travellers would know that currency exchange involves a lot of research and effort because FOREX (Foreign Exchange Market) is ever changing and the rates of money exchange providers differ from one another
With that problem in mind, CurrenSeek, a location-based-currency exchange app helps travellers to compare and locate the best FOREX exchange providers on-the-go
CurrenSeek empowers you to get the most bang for your buck by avoiding any extra and hidden costs associated with using credit cards and ATMs abroad! Unlike other apps, CurrenSeek shows you street rates, not wholesale inter-bank rates that are not made available to ordinary travellers but more for major financial institutions!
currenseek.com
A local startup by Intuitive Asset Sdn Bhd, CurrenSeek states that many travellers are not getting their moneys worth because of the frequent changes in the FOREX market. With the app, you'll able to save up to 200% of your travel money.
CurrenSeek empowers you to get the most bang for your buck by avoiding any extra and hidden costs associated with using credit cards and ATMs abroad!
Unlike other apps, CurrenSeek shows you street rates, not wholesale inter-bank rates that are not made available to ordinary travellers but more for major financial institutions!
Did you know that foreign exchange rates not only fluctuate from day to day, but can also vary significantly from one FOREX provider to another? The disparity can cost up to 200% of your travel money!
currenseek.com
Open up the app and a map showing various exchange centres will pop up. Put in your preferred amount, select the currency, and you're good to go!
The app currently covers 10 major currencies: USD, GBP, AUD, SGD, EUR, RMB, TWD, KRW, JPY and IDR.
Aside from that, you'll be able to choose the difference in location by 'car' or 'foot'.
Once you've put in the amount of money that you would like to exchange, the app will show you the list of exchange providers within your location and the disparity in the market for currency exchanges
In this case, we want to exchange USD20 to MYR (Ringgit). What you see in GREY is the lowest rate given by exchange providers within the area, while in GREEN is the current and accurate FOREX exchange rate. The 7.7% represents the disparity.
Because CurrenSeek is a community-based app, you'll be able to get details on each provider, give reviews and update rates
For your convenience, you can sort exchange providers by their location, rates and the time of update
Overall, we think that CurrenSeek has huge potential to go big because it offers real time rates for exchange providers within your vicinity. Besides that, the social aspect is also a huge plus as you can share current rates, locations and updates with your friends through different social media sites like Facebook and Twitter.