Getting the best exchange rate ever.

photome

fifeken wrote: »

OP - it's taken you four years from joining to making your first post.

Maybe you should take another four before posting again if this is going to be the standard.

took him 4 years to do the math....and still got it wrong

Latour2008

What is wrong with posting only occasionally? I have probably only posted 20 times on the internet in my entire life. I think selling euros in the family is a great idea as long as you and they know the score.

jackieblack

Latour2008 wrote: »

I think selling euros in the family is a great idea as long as you and they know the score.

Left over currency, yes, fine

But telling someone to buy extra just so they can sell it to you at a better rate than you could buy it for yourself, but meaning they'll make a loss in the process, is not a nice way to treat friends or family members!

The maths doesn't work.
Simple.

photome

Latour2008 wrote: »

What is wrong with posting only occasionally? I have probably only posted 20 times on the internet in my entire life. I think selling euros in the family is a great idea as long as you and they know the score.

Its a great idea to sell left over currency to friends and family, it helps everyone.

Its not a great idea to buy surplus and then sell to friends and family at a loss.

Nothing wrong with posting a few times in 4 years, but when your first post in 4 years is just wrong then it is exactly that....just wrong

zerog

So what he's saying is to just run your own bureau de change. Which is fair enough if you actually understand forex and don't have a job already.

jackieblack

zerog wrote: »

So what he's saying is to just run your own bureau de change. Which is fair enough if you actually understand forex and don't have a job already.

Well he'd be 'running his own bureau' if he was buying the currency himself.
What he's saying is con some unsuspecting friend/family member to buy more currency than they need then sell the surplus at a loss, to the benefit of the buyer.
Nice way to treat friends/family - NOT!

lazyjack

junior666 wrote: »

If you are going on holiday later this year and are going to be wanting to buy euros, and if you know someone who is going on holiday soon, tell them to get more euros than they are going to spend, ie, if they only intended to get 700 euros, tell them to get say 1,500-2,000 euros. Then when they get home, you buy their excess euros off them for 1.20 euros to the pound. 1.17 is the international exchange rate. It beats any rate of exchange you will get from cashing your £'s and/or euros anywhere else. Buying and selling your pounds and euros through the normal middlemen, Cash convertors, P.O. etc. is nuts and there's no need for it. Cut the sponging parasitic b***** out of the equation altogether. 'We sell at 1.07. We buy at 1.33' All designed rip off the wee man. 'Too stupid to do anything about it'. Think of this but. No matter how many euros you bring back with you, you know that after you come home from your holidays you already have a guaranteed available market of buyers who will give you 1.20 on your euros, as compared to 1.33 if you go elsewhere. It's not against the law.Everybody wins out of the deal except the middlemen. Well boo-hoo.Stay safe and keep it within your local community of family and close friends. The rule is that you need to buy more euros than you are going to need for your hols. This builds up the stock of available euros in the system.This solves the common quandry of guestimating how many euros to buy to take on holiday. Can anyone see how this won't work? The more people spread the word about this technique around, the better. Power to the people.Time for the wee man to wake up.:j

Carlsberg don't do currency exchange but if they did...........