Cover image via SAYS
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
Image via nuraina
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
Image via Currenseek
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.
We tried out CurrenSeek and here are some of our thoughts about the app:
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!
Image via SAYS
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
Image via SAYS
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
Image via SAYS
Image via SAYS
Update the currency rate of a exchange provider by snapping a picture of the currency board.
For your convenience, you can sort exchange providers by their location, rates and the time of update
Image via SAYS
