Exchange Rates
#1
Account Closed
Thread Starter
Joined: Dec 2011
Posts: 174
Exchange Rates
is anyone clued up on exchange rates and commissions...i normally never bother with this kind of stuff but i was hoping someone had a clue...where is the best place to change money? Locally, at the airport...or when arriving in the UK...
#2
Re: Exchange Rates
Hope it helps
#3
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Exchange Rates
If you don't mind sharing the information, how much are you looking to change? If it's less than, say, AED 5,000, it won't make much difference..........
#5
Forum Regular
Joined: Sep 2011
Location: Gosport
Posts: 227
Re: Exchange Rates
I have found that if you withdraw a decent chunk at once, say in the region of £350 worth, you get a better rate with a credit card even after the bank charges etc. I never go to an exchange place now.
#6
Account Closed
Thread Starter
Joined: Dec 2011
Posts: 174
Re: Exchange Rates
well im doing this as a favour. i got a mate a temp job over here and he's paid in cash. so he wants me to take it back and deposit it in his account for him in the UK...credit cards etc don't apply...
just need to know if its worth changing here, at the airport or upon arrival in the UK..
just need to know if its worth changing here, at the airport or upon arrival in the UK..
#7
Re: Exchange Rates
just be aware of carrying cash into the UK- no idea how much your hanging so this may or may not apply http://www.hmrc.gov.uk/customs/arriv...aring-cash.htm
you can transfer via al ansari easy enough and they charge you 60aed the exchange rate is pretty much the same, only makes a difference if your talking big money - you can normally haggle a teeny bit as well if its a fair bit.
you can transfer via al ansari easy enough and they charge you 60aed the exchange rate is pretty much the same, only makes a difference if your talking big money - you can normally haggle a teeny bit as well if its a fair bit.
#8
Account Closed
Thread Starter
Joined: Dec 2011
Posts: 174
Re: Exchange Rates
its not more than 10,000 euro's so im not worried about that.
so your saying its better to change it here before i leave?
so your saying its better to change it here before i leave?
#9
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Exchange Rates
well im doing this as a favour. i got a mate a temp job over here and he's paid in cash. so he wants me to take it back and deposit it in his account for him in the UK...credit cards etc don't apply...
just need to know if its worth changing here, at the airport or upon arrival in the UK..
just need to know if its worth changing here, at the airport or upon arrival in the UK..
#10
Re: Exchange Rates
UAE exchange. I'm a gold member now
I have always get the spot rate (or very very close to it) as told to me by google on my blackberry as I do the trade with them.
Fees are something like 35dh to send and the UK bank charges me about 20quid to receive. But for large sums, the small fixed fee and almost zero spread will be better than most other brokers.
I have always get the spot rate (or very very close to it) as told to me by google on my blackberry as I do the trade with them.
Fees are something like 35dh to send and the UK bank charges me about 20quid to receive. But for large sums, the small fixed fee and almost zero spread will be better than most other brokers.
#11
Account Closed
Thread Starter
Joined: Dec 2011
Posts: 174
Re: Exchange Rates
decent. cheers for the advice fella's
#12
Re: Exchange Rates
UAE exchange. I'm a gold member now
I have always get the spot rate (or very very close to it) as told to me by google on my blackberry as I do the trade with them.
Fees are something like 35dh to send and the UK bank charges me about 20quid to receive. But for large sums, the small fixed fee and almost zero spread will be better than most other brokers.
I have always get the spot rate (or very very close to it) as told to me by google on my blackberry as I do the trade with them.
Fees are something like 35dh to send and the UK bank charges me about 20quid to receive. But for large sums, the small fixed fee and almost zero spread will be better than most other brokers.