Selling back euros in UK

therealellbee

Does anybody know how it might be possible to get anywhere near the banks rates when exchanging euros to sterling in the UK? I've been to post offices, exchange bureaus, pawn shops and the rates they offer to buy euros is that far away from the day's official bank rate, it is quite shocking. You go to an money changer in most parts of South East Asia for example and you can get pretty damn near the official rate, sometimes even the same as the official rate. I tried to change €2000 euros today and the best I was offered was 1.29 while the banks rate is 1.09. That's a difference of almost £300 when changing €2000.
There must be a way to get pretty close to the official rate mustn't there??

bradders1983

Yes. Go to the Eurozone and spend it. Or do a private transaction with someone who needs them. Hardly the best time for that at the moment though.

eDicky

https://travelmoney.moneysavingexpert.com/buy-back/

therealellbee

bradders1983 said:

Yes. Go to the Eurozone and spend it. Or do a private transaction with someone who needs them. Hardly the best time for that at the moment though.

Thanks but that doesn't address my question

Alan_Bowen

You have discovered that this is not SEAsia and the details from edicky above are the best you are going to get

mattyprice4004

therealellbee said:

bradders1983 said:

Yes. Go to the Eurozone and spend it. Or do a private transaction with someone who needs them. Hardly the best time for that at the moment though.

Thanks but that doesn't address my question

He answered your question - they're the only way you're going to get near the bank's rate at the moment.
With no one buying Euros, you're probably not going to get a great rate while all this is going on. 

investipedia

It's difficult to get a good rate. The best ones are usually offered by the small exchange booths around London. Do a search for currency online group.

spiro

What part of the UK are you in?

jonesMUFCforever

therealellbee said:

Does anybody know how it might be possible to get anywhere near the banks rates when exchanging euros to sterling in the UK? I've been to post offices, exchange bureaus, pawn shops and the rates they offer to buy euros is that far away from the day's official bank rate, it is quite shocking. You go to an money changer in most parts of South East Asia for example and you can get pretty damn near the official rate, sometimes even the same as the official rate. I tried to change €2000 euros today and the best I was offered was 1.29 while the banks rate is 1.09. That's a difference of almost £300 when changing €2000.
There must be a way to get pretty close to the official rate mustn't there??

You would be buying Euros at around 1.09 not selling them back. You won't get anywhere near that anywhere unless the £ completely collapses against the Euro.