best exchange rate - GBP to euros?

Skint_Catt

inmypocketnottheirs wrote: »

OK here is an question for you.

Would you rather change £100 at €1.46 at 2% commission,

or

change £100 at €1.39 with no commission?

You tell me - that's why I'm on here asking! Jesus!

shays_mum

Travelex have a price match service & you can pick money up at the airport/delivered to you.
Have used:http://www.thomasexchangeglobal.co.uk/
as have alot of ppl on this site, they are so far unbeatable. Use their rate/use their rate to get travelex to pricematch.
BTW rate for euro is :1.49 to the £, commission free!
HTH, goodluck

Paul_Varjak

Skint_Catt wrote: »

Why?

If you are paying someone commission then that is money down the drain!

If the commission is not explicit then it is usually implicit (i.e. built into the exchange rate).

LesD

I hope 'pin' will forgive me for reposting his/her list, but this issue is so frequent, the analysis deserves a 'bump'!

"Its been asked soo, soo many times, where is the best place to get holiday money?

I know there are articles about holiday money, etc, however I thought I would write a little list of my top choices:

1. Nationwide Debit Card for ATM withdrawals from destination country / Nationwide Credit Card or the Audi credit card for purchases in destination country (but watch out for Dynamic Currency Conversion).

2. Any other debit card for ATM withdrawals from destination country / any other credit card for purchases in destination country (but for both CHECK T&C's to see exact charges).

3. Thomas Exchange Global in central London.

4. Travelex online (remember Travelex will price match any other exchange service, i.e. the one above)

5. Marks and Spencer

6. Online FX (using this link ensures free deliver).

7. Thomson Travel (they seem to use Amex as their travel money provider).

8. Co-op Travel (they use Curreny Express / Exchange and offer free delivery for orders over £300).

9. Post Office (while probably not the best rate, there are many of them around, so may be convinient).

10. Haggle with High Street travel agent (which may ensure better rates than 5 to 9 above).

With 3 - 9, if you are paying with debit / credit card check your T&C's as many providers charge for the priviledge of using money exchange services."


As regards the poster who can't solve the following conundrum:

"Would you rather change £100 at €1.46 at 2% commission,

or

change £100 at €1.39 with no commission?"

I fear the issue of currency purchase may be the least of your worries!

Skint_Catt

LesD wrote: »

As regards the poster who can't solve the following conundrum:

"Would you rather change £100 at €1.46 at 2% commission,

or

change £100 at €1.39 with no commission?"

I fear the issue of currency purchase may be the least of your worries!

Well thanks very much. I hope you find someone to criticise you for no reason one day Mr Perfect!!!!!!!!!!

MrSmartprice

I can give an up to date report on the rate from Nationwide. I have just come back from a couple of weeks in Spain, and my account is showing that cash withdrawals are at the rate of 1.462 euros to the £. I would doubt if any of the exchange offices would beat that.

One thing to be careful of though. Some cash ATMs will ask you if you want the amount debiting from your account in pounds or euros. Always select euros, or the bank owning the ATM will charge a commission for converting. The Nationwide charge nothing for the conversion which is at a much better rate than the tourist rate.

budgetflyer

shays_mum wrote: »

Travelex have a price match service & you can pick money up at the airport/delivered to you.
Have used:http://www.thomasexchangeglobal.co.uk/
as have alot of ppl on this site, they are so far unbeatable. Use their rate/use their rate to get travelex to pricematch.
BTW rate for euro is :1.49 to the £, commission free!
HTH, goodluck

Sorry, shays_mum, its not1.49
Thats the BUY BACK RATE. The SELL RATE iswhat you want when handing over £s in order to get foreign currency. Which at Thomasexchangeglobal is 1.455

BTW travelex rate is 1.433 so a diff of 2 cents per £

Thats a cheque back for £14 on a grand.

jolenejolene

Hi,
can anyone tell me how you get travelex to price match? I can't see anything on the site. Do you just email them? Many thanks

inmypocketnottheirs

Skint_Catt wrote: »

You tell me - that's why I'm on here asking! Jesus!

Are you really telling me you can not work that one out?

Steve_xx

jolenejolene wrote: »

Hi,
can anyone tell me how you get travelex to price match? I can't see anything on the site. Do you just email them? Many thanks

Here is the information you require:


May 26, 2007
Travelex United Kingdom
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Travelex is committed to offering you the best possible prices in the UK on your travel money purchases. We will not be undersold online. If you find a better price offered by another foreign currency retailer (whether or not online), please contact us and we will refund the difference between the price paid by you and the more competitive price.
Travelex Price Promise Terms and Conditions

1. This offer is subject to you complying with Travelex's usual terms and conditions for the purchase of foreign currency and/ or travellers cheques.
2. The prices compared will be the total prices (including delivery fees and commission) offered by Travelex online and the other foreign currency retailer on the same "Business Day" that you bought foreign currency from us. For the purposes of this offer, a "Business Day" is deemed to run for 24 hours from 10 a.m. until 9.59 a.m. inclusive. The prices compared must be prices offered to the general public. Prices which are only available to staff, club members or other selected groups or individuals will not be considered.
3. The prices compared will not include any offers to buy-back unspent foreign currency.
4. Our commitment applies to prices offered by Travelex online (over the internet) only and only applies to the currencies listed on our online ordering service on the Business Day you bought foreign currency from us.
5. This commitment is for holiday / business travel money only and not for speculative, investment or any other purposes. Accordingly this price commitment only applies to orders of up to £2,500 in any Business Day or a maximum refund per person over the life of the commitment of £50, whichever is the lower.
   The commitment relates to a bona fide price offered by another foreign currency retailer who offers the competitive price in the ordinary course of business of offering foreign exchange to holiday/business travellers in the UK.
6. We must be able to verify the prices you have been offered to our reasonable satisfaction. If the alternative quote you have found is not on the internet, you will need to telephone us on: 08702 405 405 or email us at: [EMAIL="customerservices@travelex.com"]customerservices@travelex.com[/EMAIL] on the same Business Day that you obtained the quote and made your purchase from us. You will need to tell us the total price you obtained from Travelex, the name and address of the alternative foreign currency retailer, the total price offered to you by that retailer and the times and dates you obtained the Travelex and the alternative quotes. To speak to a Travelex representative in person please call during office hours which are from 10 a.m. to 5.30 p.m. from Monday to Friday excluding public holidays. If the alternative quote that you have found is on the internet you can also telephone or email us as above or you can write to us at Travelex Price Matching Offer, Marketing Department, 65 Kingsway, London WC2B 6TD enclosing a print out of your Travelex purchase confirmation, a print out of the competitive quote, exact website address you obtained the quote from and confirmation of the times and dates you obtained the Travelex and the alternative quotes. Postal entries must be received by us within 14 Business Days after purchase.
7. We monitor the prices for travel money purchases for at least six of our larger competitors on a daily basis, and aim to be the cheapest of such travel money providers in the market for all relevant travel money currencies. Should you find a better price for your travel money purchases from any travel money provider which we are able to verify satisfactorily, we will add that travel money provider to our daily list of competitors and ensure that our price monitoring of competitors for the relevant currency includes the price offered by that travel money provider, whilst that travel money provider continues to offer such competitive prices.
8. We will also need your name, address and telephone number. We will only use this information to provide you with your refund or to discuss your refund request with you. We will destroy this information within 6 months. Travelex UK Limited will not share your personal information with third parties outside the Travelex Group of companies. For further information on The Travelex online privacy policy please click here Travelex online privacy policy
9. This price guarantee will not apply if you have exercised your right to cancel your order. If you do not collect your order, your refund on non-collection will be reduced by the amount of any refund already given in connection with this price commitment. Travelex's usual terms for cancellation and non-collection continue to apply.
10. Currently our online price matching commitment applies to Travelex customers in the UK only.
11. Travelex may, at any time, withdraw this commitment in respect of purchases which have not already been made.
12. This commitment is made by Travelex UK Limited, 65 Kingsway, London WC2B 6TD.