Exchange Rates Query


R

Roy S Schestowitz

Can anybody suggest which places offer the best exchange rates and lowest
commission charges for $<>GBP conversions?

Roy
 
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R

Ronald Raygun

Roy said:
Can anybody suggest which places offer the best exchange rates and lowest
commission charges for $<>GBP conversions?
No, nobody can, because no such places exist.

Or did you mean to ask "Can anybody suggest which places offer the best
exchange rates and which places charge the lowest commission rates?"?

That's a different question (well, pair of questions, really) altogether,
and you will probably find no overlap between the two lists of answers.
 
R

Roy S Schestowitz

Given a specified amount, there is a correct answer but I intended to find
out about the two separately. High street banks are a rip-off and there must
be some alternatives.

Roy
 
T

tim

Roy S Schestowitz said:
Given a specified amount, there is a correct answer but I intended to find
out about the two separately. High street banks are a rip-off and there must
be some alternatives.
comission free exchange at the post office.

Of course the comission is built into the rate so you would think
that it's only any good for small amounts, but when I wanted to
change some money they quoted me the same rate as the bank
did (so yes, the bank was an even bigger rip-off)

tim
 
J

Jeff Taylor

Roy S Schestowitz <sch-at- said:
Can anybody suggest which places offer the best exchange rates and lowest
commission charges for $<>GBP conversions?

Roy
Hi Roy,

Just been shopping around for some Euros today and (surprisingly) found
Lunn Poly seemed to be offering the best high street deal (inc. $).
There exchange rate was pretty much the same as the others but no
commission for travellers cheques or currency.

They also buy them back commission free, although I've never come back
off holiday with any money left before!

Best Wishes,
 
J

john boyle

Jeff Taylor said:
Just been shopping around for some Euros today and (surprisingly) found
Lunn Poly seemed to be offering the best high street deal (inc. $).
There exchange rate was pretty much the same as the others
Can you give details?
They also buy them back commission free, although I've never come back
off holiday with any money left before!
These days, for most purposes the only foreign currency needed is euros
and dollars. AS you and I seem to grin very little back I cant see any
benefit in a a buy back scheme.
 
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J

Jeff Taylor

john boyle said:
Can you give details?
Hi John,

Well I just checked the window displays of Thomas Cook, Going Places and
Lunn Poly.
They were all 1.42 something to the pound, but only Lunn Poly were
commission-free.
One of the others - can't remember which - was charging £2 commission.

Best Wishes,
 
J

john boyle

Jeff Taylor said:
Hi John,

Well I just checked the window displays of Thomas Cook, Going Places and
Lunn Poly.
They were all 1.42 something to the pound, but only Lunn Poly were
commission-free.
One of the others - can't remember which - was charging £2 commission.
Thanks for that Jeff,

I misunderstood you in so far as I thought you may have been including
the PO and High Street Banks.
 
T

Tumbleweed

Roy S Schestowitz said:
Can anybody suggest which places offer the best exchange rates and lowest
commission charges for $<>GBP conversions?

Roy
Best deal on foreign currency I found a few months ago was at M&S. This was
compared to high st banks and travel agents. However, I did get slightly
better rates from my credit card (though that could have been caused by a
fluctuation in rates while I was away.)
 
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S

Stephen Burke

john boyle said:
These days, for most purposes the only foreign currency needed is
euros and dollars.
And Swiss Francs, unfortunately - it may be a while before Switzerland joins
the euro :)
 

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