I recently bought Euros at a rate of 1.435 from Lloyds TSB, with no commission. When I came to sell back the unused notes, I was offered a rate of 1.6 giving me only 62p per Euros instead of 70p. This would have meant a cost to me of over 11% "no commission", or in this case, a loss of £10 on
130 Euros (£91 purchase price).Am I missing something here, or is this a ridiculously high rate? Where's the best place to sell Euros in the UK? Thanks.
[To email go to my address and take out the dog...]