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Thread: Exchanging currency

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    Ceroc N.I. Franchise Owner drathzel's Avatar
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    Exchanging currency

    Ok people i am wanting to get some money changed back from euros to pounds! Where is the best place to go that i wont get charged a fortune and has a good rate?

    thanks

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    Re: Exchanging currency

    Quote Originally Posted by drathzel View Post
    Ok people i am wanting to get some money changed back from euros to pounds! Where is the best place to go that i wont get charged a fortune and has a good rate?

    thanks
    Hong Kong!

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    Papa Smurf
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    Re: Exchanging currency

    your bank probably

    if you find yourself needing euros a lot - open a nationwide account and withdraw money from a bank machine in the EURO country - it doesnt cost anything and you can then only withdraw what you need with no extra sums left over that you need to convert back to pounds

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    Re: Exchanging currency

    I'm not sure that the exchange rates vary that much from place to place, and if you're talking about the amount of money the average person takes with them for spending on holiday, then the cash difference between banks, travel agents and the post office is likely to be measured in pence anyway. There might be a case for just going to whichever is nearest and has the shortest queue.

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    Re: Exchanging currency

    Doesn't the post office exchange for free?

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    Re: Exchanging currency

    I get my currency exchanged at Thomas cook before I go - and then if I need to get any changed back they do it for free.

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    Re: Exchanging currency

    Free currency exchange is widely available - it's the exchange rates you have to watch.

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    Registered User andystyle's Avatar
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    Re: Exchanging currency

    I've just got back from overseas and the bank was pretty good in both exchange rate and commission (as in, none). They change it back and put it straight into your account too.

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    Re: Exchanging currency

    Most shops in hastings take the Euro. Lots of things are marked up in £'s and euros (except my keyboard!! ) Prob something to do with the amount of students we have in the town.

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    Registered User Twirly's Avatar
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    Re: Exchanging currency

    Quote Originally Posted by drathzel View Post
    Ok people i am wanting to get some money changed back from euros to pounds! Where is the best place to go that i wont get charged a fortune and has a good rate?

    thanks
    If it's not a lot of money (say less than £50) and you're likely to go away again in the next 12 months, just hang onto it for next time. The exchange rate is likely to be a bit cr@p and you'll lose a bit on it.

    If you buy it from the right place in the first place, they will charge you commission on the exchange, but exchange it back free of charge if you go in with the receipt. Thomas Cook do this, and I think the Post Office and some of the banks.

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    Re: Exchanging currency

    Are you planning on going to Blaze / SP, how much do you have and can you wait until then?
    I'll buy them from you at the official rate on that day (i.e. better than bank rates both for you and me) if you want, I always need euros.

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    Papa Smurf
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    Re: Exchanging currency

    Quote Originally Posted by Twirly View Post
    If it's not a lot of money (say less than £50) and you're likely to go away again in the next 12 months, just hang onto it for next time. The exchange rate is likely to be a bit cr@p and you'll lose a bit on it.

    If you buy it from the right place in the first place, they will charge you commission on the exchange, but exchange it back free of charge if you go in with the receipt. Thomas Cook do this, and I think the Post Office and some of the banks.
    as Barry stated - you can get commission free money easy enough

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    Registered User Twirly's Avatar
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    Re: Exchanging currency

    Quote Originally Posted by Dreadful Scathe View Post
    as Barry stated - you can get commission free money easy enough
    Yes - and you pay extra on the exchange rate. They will make their money out of you one way or the other. That's what they exist for!

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    Registered User Northants Girly's Avatar
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    Re: Exchanging currency

    Go and spend them in M&S as they accept euros

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    Re: Exchanging currency

    Quote Originally Posted by Twirly View Post
    Yes - and you pay extra on the exchange rate. They will make their money out of you one way or the other. That's what they exist for!
    not always - thats why i use nationwide

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    Ceroc N.I. Franchise Owner drathzel's Avatar
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    Re: Exchanging currency

    i was working out in spain this weekend teaching and got paid in euros so i havent withdrawn or exchanged previous to now. I have a nationwide account which helps with the withdrawl but not the deposit.

    does the post office have a lower buy back rate? than others as has been suggested by a friend?

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    Papa Smurf
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    Re: Exchanging currency

    you could always open a euro account in N.I. and use the money when you are in a euro country - which isnt too bad for you as you can easily walk to one. Long walk mind

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    Re: Exchanging currency

    Quote Originally Posted by drathzel View Post
    Ok people i am wanting to get some money changed back from euros to pounds! Where is the best place to go that i wont get charged a fortune and has a good rate?

    thanks
    If you're ever in central London these guys are the best. Much better than High St. banks, Post Office, American Express. Offices in Victoria and the Strand.
    Thomas Exchange Global

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