Post Office Euros

[Prudie]

I bought 240 euros at the PO today (not pre-ordered) and drew a breath when he told me the rate, I've come home and checked online and can't find anyone giving such a low rate - £1 to 1.08 euros. Most hover around 1.15 including the PO if you order online. I feel they've made a mistake. What do you think?

[Buenchico]

If you're complaining, I hope that you didn't vote for Brexit!
http://www.bbc.co.uk/news/business-37107945

[jack daniels]

i've always found the PO has never had the best of rates & i use to work for them!

Anna x

[BAKERS DOZEN]

Would never use the Post Office as their rates are always low. Have use Fair FX for years. Order it online and it is delivered by recorded delivery the net day.

[Prudie]

It's the whinging doom mongering remainers that caused the exchange blip and it's well on the way to recovery anyway, I have always used the PO for convenience and although not the best their rates are competitive enough.
This seems wrong though. If I ordered online from the post office I'd have got 1.15. I'm calling customer services tomorrow.

[Sycamore3House]

I heard the cashier in the post office today telling a customer that the Exchange rates online are better. If you order online there is no need for a person to sit behind a counter being paid to do the job. Hence the difference in price. Not just foreign currency but a whole range of products & services.

[Old_Geezer]

Good luck. But if you accepted it at the time I'm unsure how much joy you will get: but you never know.

[CleeMan]

Get yourself a Halifax Clarity credit card. Load it up before you go away and when you withdraw cash from the ATM you'll get the exchange rate, not the tourist rate. The same applies to purchases.

I've used this method for at least 6 years and always get a fair exchange rate.

Don't forget to clear it on the due date though.

[New Judge]

www.iceplc.com are selling euros at 1.175 today. They always offer a good rate.

The pound has been overvalued for around two years, 'chico. The referendum vote was really just an excuse to knock it down a bit and the devaluation is already paying dividends. The likes of Greece, Italy, Portugal and Spain could do with a touch of the same. But of course it's not an option for them. So they get stuck with 50% youth unemployment and 20% overall unemployment.

[Hymie]

The inter-bank rate is currently 1.18 euros to the £, so I would expect a high street exchange to offer 1.10 (at best). I’m surprised they are offering 1.15 on-line.

https://www.oanda.com/currency/converter/

[Khandro]

Chris: Only a moron would change anything more than a small amount at an airport, this nothing to do with Brexit, the rates have always been appalling and should only be used when you find you need some local currency to pay for a taxi and/or something to eat.

[New Judge]

" I’m surprised they are offering 1.15 on-line. "


As I said, Hymie, 1.175 "Click & Collect" here:

https://www.iceplc.com/

[theshedman]

Hi, I find that Thomas Cook are good if you order online and pick up in store. I use cash to pick up as my bank charge for using a card for this purpose. Have found that it is a much better rate than post office especially if changing small amounts as TC give same rate however much you are changing.

[Khandro]

I have used the Money Shop in the past and got good rates, I just checked and at the moment they are offering 1.1617
Best of all (if it applies) are those Indian boys in the Kiosks opposite Paddington Station, I've never found anyone to beat them!

[Prudie]

I've rung & they confirmed;
1.08 if you walk in unannounced for less than £500, 1.12 for over that
1.16 if you pre-order online but must be over £400.
I'll be more careful next time.

[Peter Pedant]

// The referendum vote was really just an excuse to knock it down a bit //
o god listen to this one .....

you were told this would happen Prudie if you voted for Brexit
and it has.....
so - what was the question .... ?

[Garaman]

I went to one of those exchange kiosks opposite Paddington Station about 20 years ago to get some drachma. It wasn’t until I was on one of the islands that I realised that they had given me quite a lot of Belarusian money inside drachma notes. I’m afraid that I didn’t check properly and just saw drachma on the top and counted the numbers. I took them back and they returned my money, but I was left with the impression that their policy was to try it on, but not argue if anyone returned. I guess a lot of people who change money aren’t coming back to London.

I stopped in the police station on the Edgware Road on the way to confront them, just to see what they thought. They said that there was nothing the police could do as it is a civil offence.

[Khandro]

That I can't understand. Surely every teller counts out the money in front of you?
By the way, the pound is 'soaring', the euro closing today at 0.837

[Peter Pedant]

well that is Brexit for you
it gives power back to the multinational corporations to rip off the little guy with no comeback

[Prudie]

It's no good using this as an argument against Brexit, the euro pound rate has steadied and is pretty much what it was last time I went away before the vote.
Once we're out the euro will disappear with a few years anyway, down the pooper.

[Garaman]

I am pretty sure that they counted the money, Khandro, though like most scams it relies on the person concentrating on the wrong thing. In this case after the first few notes I must have been looking at the numbers rather than the currency. The numbers added up, just that the middle notes were in the wrong currency.