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  • FIRST POST
    chog24
    0 WOW
    Cheapest way to convert Euros back to Pounds?
    • #1
    • 20th Aug 10, 12:29 PM
    0 WOW
    Cheapest way to convert Euros back to Pounds? 20th Aug 10 at 12:29 PM
    Hi everyone,

    We recently came back from visiting my (Italian) partner's family and they gave her some euros in cash as a gift just as we were leaving. We need, therefore, to find the cheapest way to convert them to pounds sterling.

    Does anyone have any ideas, please? I've searched the site but have really only found articles about the cheapest way to buy foreign currency.

    Thanks in advance,

    Choggy.
Page 1
    • Doshwaster
    • By Doshwaster 20th Aug 10, 3:54 PM
    • 4,424 Posts
    • 3,541 Thanks
    Doshwaster
    • #2
    • 20th Aug 10, 3:54 PM
    • #2
    • 20th Aug 10, 3:54 PM
    Often the "cheapest" way is to keep it in Euros and then use it next time you go to Euroland.

    Either that or go down to your local Post Office, M&S or currency counter and see how much they will buy if for.
    • fifeken
    • By fifeken 20th Aug 10, 6:44 PM
    • 2,027 Posts
    • 1,046 Thanks
    fifeken
    • #3
    • 20th Aug 10, 6:44 PM
    • #3
    • 20th Aug 10, 6:44 PM
    Find someone going to Euroland on holiday and do a deal with them.
  • chog24
    • #4
    • 20th Aug 10, 8:39 PM
    • #4
    • 20th Aug 10, 8:39 PM
    Thanks for those who've replied so far.

    Sadly, saving it til next time really isn't an option - it's a relatively large amount and she's particularly skint right now. I do like the idea of trading with someone who's going to Euroland and will see if any of my facebooky friends have a trip planned.

    Failing that, it'd be the posty from the sound of it... unless anyone else has any better ideas?
    • jnm21
    • By jnm21 20th Aug 10, 8:40 PM
    • 618 Posts
    • 150 Thanks
    jnm21
    • #5
    • 20th Aug 10, 8:40 PM
    • #5
    • 20th Aug 10, 8:40 PM
    Find someone going to Euroland on holiday and do a deal with them.
    Originally posted by fifeken
    My thoughts exactly.
    • McKneff
    • By McKneff 20th Aug 10, 8:42 PM
    • 34,735 Posts
    • 44,721 Thanks
    McKneff
    • #6
    • 20th Aug 10, 8:42 PM
    • #6
    • 20th Aug 10, 8:42 PM
    The post office robbed my eye balls out when i brought some back.

    I would just pay them into the bank.
    No one can make you feel inferior without your consent
    • dzug1
    • By dzug1 20th Aug 10, 9:28 PM
    • 13,364 Posts
    • 6,123 Thanks
    dzug1
    • #7
    • 20th Aug 10, 9:28 PM
    • #7
    • 20th Aug 10, 9:28 PM
    http://travelmoney.moneysavingexpert.com/ has a buyback section - the best ones have very few offices though. Helps if you are in London
    • CountryGoose
    • By CountryGoose 20th Aug 10, 9:33 PM
    • 299 Posts
    • 127 Thanks
    CountryGoose
    • #8
    • 20th Aug 10, 9:33 PM
    • #8
    • 20th Aug 10, 9:33 PM
    The post office robbed my eye balls out when i brought some back.

    I would just pay them into the bank.
    Originally posted by McKneff
    Who would rob your eye balls instead of the post office


    Second the idea to do a deal with someone who's going away.
  • chog24
    • #9
    • 25th Aug 10, 9:44 AM
    • #9
    • 25th Aug 10, 9:44 AM
    OK, for all who replied to this thread: thank you! And in case anyone is 'watching' I thought it would be good to feed back.

    I did consider trying to find a pal who was going to Euroland to do a deal, but needed the cash more quickly than anyone I knew needed Euros, so that kinda went out of the window.

    I happen to work in the City of London, right above an HSBC (who my partner banks with) and Marks and Spencer with a Bureau De Change, but also happened to spot a foreign exchange place nearby with huge queues outside it at lunchtime yesterday (which has to be a good sign, in this area, I figured!). This morning, I popped and got quotes from all three places.

    M&S and HSBC both quoted £387 (plus pennies)
    City Currency Exchange, in The Arcade, just behind Liverpool Street station quoted £401 on the nose.
    To put this in perspective, XE.com say that 500 euros are currently worth £411.54

    Had I checked this thread and found dzug1's response in time, I'd have been able to get about five quid more, had I had the time to travel to London Bridge or Canada Water. But I'm pressed for time and feel like I've got a good enough deal so I'm not bitter about forgetting to check back to this thread.

    Thanks again to all who responded.

    Choggy
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