Exchange rates euro and pounds

Keefers48

I notice that Martin no longer mentions Santander Zero card for use overseas. As I understand it, the Zero card makes no charges for exchange rates or commission so it must be one of the better cards to take abroad.
Have things changed?
Thanks

missile

Cpu2007 wrote: »

I was looking to use the currency exchange to make money, now I know that in this field everything is unpredictable and that I have a small amount but I really would like to use those Euro 500 and bit by bit make some profit.
All I want to know is what is the best way to do this when the amount available is small and what is the best way when the amount is huge?
the way to get profit out of the currency exchange ,is it still using companies as those mentioned in the link http://travelmoney.moneysavingexpert.com/buy-back/
or there are other ways that give more profit when we want to get into this kind of business.
Thank you in advance

There are rarely big enough swings in either direction to cover the costs of buying and selling. Those who make money currency trading, invest huge sums of money where you can gain access to more favourable rates and reduced transaction costs.

Reaper

Keefers48 wrote: »

I notice that Martin no longer mentions Santander Zero card for use overseas. As I understand it, the Zero card makes no charges for exchange rates or commission so it must be one of the better cards to take abroad.
Have things changed?
Thanks

He does still mention it. This is what he says in the Cheap Travel Money article:

The Santander Zero card has no loading anywhere, nor cash withdrawal fees, but unless you're a Santander bank account or mortgage holder, you can only apply in branches. It charges high 27.9% cash withdrawal interest even if you clear the card in full, though it's still cheaper than paying interest PLUS cash withdrawal fees on other cards. The T&Cs mention a £10 dormancy fee if it's unused for 6 months, but Santander says it's never been charged. It's best to use the card a couple of times a year just in case.

Dokimos

Hi

Seen this posts and a relative is in a similar situation. He has some Euros in cash. The question is where would be the best place to exchange them?

dzug1

Dokimos wrote: »

Hi

Seen this posts and a relative is in a similar situation. He has some Euros in cash. The question is where would be the best place to exchange them?

The answer is to be found in the buy back section of Martin's currency guide. If as you've said in another post HSBC are offering better (and personally I don't believe it) then the answer for him is obviously HSBC.