Exchange Rate

[Eggy]

Keep an eye on the Euro, Folks. It's hovering at e1.517 at Bank Rate and about e1.46 at Tourist.
Maybe I'm wrong but I think it was about e1.40 this time last year.
Negg

[vivian]

Got 1.475 last week at travel agents down rd, no commision.

[Ang]

Well worth getting a cpl of £100 changed early then?? I better go get some
Ang

[burger]

why not just take a few euros for what you need,then just withdraw euros from your bank a/c with your card at a cashpoint,i took about £500 worth of euros with me,and withdrew extra  with my nationwide flex account card last year and got a better exchange rate than tourist rates,and no transaction charge either

[Jo Wissett]

thats all well ang good but isnt the nearest atm sidari?

[blondegirl]

I think there is a link on here for the nearest ATM.. there is one nearer now I think.

[blondegirl]

Try further down this topic and the nearest ATM is mentioned there.  I added this some time ago as I had read it on Corfu Agni.

[burger]

thats all well ang good but isnt the nearest atm sidari?

now arillas has it's own atm at last!!!!

[James W]

My wife got a good deal this morning.

We went to the local Currency Exchange and she got 150 Euros for £100, that's er.... ummm.....  1.5 Euros to £1 

How did she get such a good rate?

I bought 300 for for 1.43/£ and re-sold them to her, that's how. 

I do this sort of thing every time.

When in Bulgaria I did a similar thing in our hotel lobby, but another holidaymaker thought I was a private Currency Exchanger, and was interested at getting such a good rate from me.

I had to inform her what I was doing, and directed her to the 'Official' Money Changer.  She was a bit miffed.   

[Eggy]

James
Bring a pen & paper and explain this one to me. If you buy at e1.43 and sell at e1.5 are you not on a loser? Or am I looking at it the wrong way?
I seem to remember the plane, on the way home, saying you can use your euros up and offering an exchange greater than the resort. ( Pay in £'s and it was cheaper)
( It's e1.459 today by the way )
Negg

[Eggy]

e1.464 today in a breezy Arillas so a good exchange for anyone coming over tomorrow or next Monday.
Negg

[James W]

Hi Neill.
           I only do this sort of thing to my wife. (I'd be broke in no time otherwise)
The first time I did it, she had to take a while to work it out. 

I may lose on the deal initially, but she returns the favour in kind   

[Eggy]

September 6th you will see that the exchange was e1.464.
Today it's only e1.417.

So £500 at Sept got you e732 and now gets you e708.
Around £17 or £3.40 lower per £100 changed before commission. ( £3.32 after )

Thats one helluva drop over the last 6 weeks and obviously reflects end of season.

Anyone know what it is in England today?
Negg

[M n M]

Neil

its about 1.36

Mick 

[Eggy]

Thanks Mick
so £500  at e1.36 is 667 euros
and £500 at e1.41 is 691 euros.
( After 2% commision )
About £ 3.40 per £100 if you can bring commission free t/c's or cash with you.

Doesn't sound a lot but if you're flight only and pay for your appt when here and get a car for a week and take cigs home, plus meals , then I make that a conservative saving of about £30.
( If you had got them at e1.467, 6 weeks ago, you would have made a total of £65 )

All figures based on expenditure of £900. The mind boggles.
Anybody want to double check figures. I'm having a Terry W moment here.
Negg