Euro's to Pounds Sterling

[jasper65 6]

Can someone give help me out here ..

 

I spent some time going through the exchange rates on the net converting Euro's back to Pounds sterling at todays exchange rate. we then decided to see what the post office or bank had to offer which for some reason was alot less?

 

For Instance 200 Euro's converted to pounds sterling on the net would give rounghly £166, yet the post office by their exchange rates would work out £148 back for 200 Euro's?

 

Ok I'm probably being a Numpty but have I missed something here? do you get a better exchange rate buying Euro's and less changing back to pounds sterling?

 

any help would be apreciated

 

CONVERTER

[ratattack 111]

They will be taking a commission off the exchange so you will get less back. In future buy from a place where they will buy the currency back with no commission if you get it from them.

[terrier410 53]

even tho the post office advert says its commission free they dont give you the going exchange rate.

[willum 89]

m and s used to give a good going rate and some travel agents do the same

[scothunter 12,609]

can you not spend euros in the uk?

[CarraghsGem 92]

can you not spend euros in the uk?

yes + no, a lot of shops dont keep track of the exchange rate or give a poor exchange rate.

never found a shop yet where they dont screw you over with it, maybe im cynical

[TOMO 26,908]

BUY EURO'S ON LINE AND HAVE THEM DELIVERED, YOUL GET THE BEST RATE, DO IT IN ADVANCE IF YOU LIVE NEAR LONDON A COMPANY CALLED "ICE" GENRALLY HAVE THE BEST RATE, THEY HAVE A PLACE AT WATERLOO STATION, BUT MAKE SHURE YOU PRINT OF A VOUCHER TO GET THE BEST RATE ITS AROUND 120 EUROS TO 100 POUND AT THE MIN

[jasper65 6]

Cheers all for the info ....

 

The post office offered a exchange rate of 01.3500, this would give back roughly £372 for 500 Euros, on the net it was averageing around £416 for 500 euros, it basically means the Post office would take a fair lump in commision...

 

I'm a bit pissed as my 14 year old lad sold a load of his games and a couple of consoles, plus some other bits to put towards a downhill mountain bike, a foreigner brought the lot for £420 but gave him 500 Euro's! I checked it out on the net and it worked out around £416 so my lad excepted it...

 

It now turns out he'll now only end up with around £372 at the post office or bank ...

 

He's gutted....

[clint 45]

Also depend where you go, sometime best take ££ to country you visit, becas they love ££ Uk. I was get £1.00= E1.44 In holand exchange bank.

[gnasher16 30,514]

Jasp you shoud have quoted the fella on the sell rate not the buy rate.....this time of year you must know someone going on holiday sell them your euros for a touch less than they could buy them at the post office,your lad will get near enough the full lot back...everyones happy.

Edited August 16, 2010 by gnasher16

[Waz 4,274]

I keep an eye on this. Might be worth holding onto the euros. Worse case scenario the lad has learnt a bit bout exchange rates etc. Edited August 17, 2010 by GD Waz