Hotel bill

carol_a_3

I always get mixed up on exchange rates, whether to use the buying or selling rate etc. I am going away next week and know exactly how many euros my hotel room is going to cost. Is it more money saving to get the euros here in cash at the "buying" rate so I know how much I've paid for it. Or is it better to wait, pay the bill at the end on my credit card, wait for it to be converted back to sterling plus the 2.75% charge? Which rate is used in that case, is it the selling?

Thanks in advance.

Victors_Bruvver

Go this page;

http://www.moneysavingexpert.com/cards/cheaper-spending-overseas

and then take a look at Martin's Travel Money Maximiser. You will find a link here on this page down on the right hand side under Free Tools

dzug

carol_a wrote: »

I always get mixed up on exchange rates, whether to use the buying or selling rate etc. I am going away next week and know exactly how many euros my hotel room is going to cost. Is it more money saving to get the euros here in cash at the "buying" rate so I know how much I've paid for it. Or is it better to wait, pay the bill at the end on my credit card, wait for it to be converted back to sterling plus the 2.75% charge? Which rate is used in that case, is it the selling?

Thanks in advance.

Unless you can get your €€ very, very cheaply here the credit card route will be better.

In both cases the same basic rate is being used - a typical BdeC adds a 5% spread to it, the CC company 2.75% and Visa/MC another 1%