Best High Street place for get Euros

"Andy Pandy" wrote in message news:HJZsc.7454$ snipped-for-privacy@wards.force.net...

Its probably a bad idea to trade them back in anyway, especially if you have a low amount. Better to wait even if its for another year because you'll only lose (say) 4% in interest as opposed to the 7-10% twice (change back to Pounds lose 7%, change to Euros again lose 7%.

Is it really *that much* higher? I honestly don't remember since it's so long since I've looked, but surely in the case of high-commission dealers the exchange rate differential is generally low-ish. You'd expect a big difference when there's low (or no) commission.

Sounds reasonable, except that you don't lose 7-10% twice, only once.

Let's say the buy/sell difference is 8%, i.e. suppose that buying £100 worth of euros would cost you £104 and trading them in would give you back £96. [No pedantry over the difference between 104 and

IME, in the UK the difference nearly always seems to be in that range, usually nearer the top end and sometimes a bit over 10%! It doesn't seem to make any difference how much commission they charge on top of this.

In most foreign countries, especially outside Europe, the differential is often a lot less (perhaps 4% or so).

Plus "commission" if applicable. I never change euros back now, as so many countries use them either I or someone I know who I can trade with is bound to go to Euroland in the near future.

fair enough. Still means you are 'quids in' not bothering to change them unless you really need the money (esp as often its not going to be a high amount.

Though I should have traded my 220 dollars in from a couple of years ago which I've still got but then again if I knew what the exchange rate was doing I'd be posting this from my private hawaiian island.Or employing someone to post it for me.

Just happened to be in the Post Office today. Differential for US$ is 11%