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Re: Pounds down again.
Originally Posted by jackytoo
(Post 9875638)
Depends on the friend, she may just want to get hold of some sterling to travel. Better than going through an exchange place if calculated correctly..for both people:)
A friend in Spain used to always give me a shopping list of things when I went to UK. When I got back she would pay me the equivalent in euro. Always worked to her advantage, never said anything as I would have felt petty saying I was a tenner or so out of pocket.:frown: |
Re: Pounds down again.
Originally Posted by Domino
(Post 9875646)
when I came out in mid December the local Co-operative Travel had the best deal on the high street
http://travelmoney.moneysavingexpert.com/ |
Re: Pounds down again.
Originally Posted by cricketman
(Post 9873575)
You know what, I actually spent more than 15 seconds writing the application
If you want me to double check for spelling and typos on my posts then I will send you a quote for my time, I have a reasonable hourly rate ;) |
Re: Pounds down again.
Originally Posted by shirley and anthony hide
(Post 9875664)
Depends where you live but I always use this website to source the best rate
http://travelmoney.moneysavingexpert.com/ |
Re: Pounds down again.
Thanks Domino and Jackytoo... Much appreciated. :)
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Re: Pounds down again.
Originally Posted by shirley and anthony hide
(Post 9875678)
On this site best for me to collect is 1.1910 . Interbank rate at moment is 1.1973.So pretty damn good methinks.
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Re: Pounds down again.
Originally Posted by mikelincs
(Post 9873680)
He's turned down a bonus on top of a salary of 1.2 million, his Chairman turned a bigger bonus down before it was announced, now we wait to see what the boss of Barclays does with his bonus of £6.5million. These people are paid silly money in any case, and in the current ecconomic climate it's obscene for them to accept any bonuses, after all the current problems were started by the banks getting greedy and making huge mistakes.
It has now come to the point where it's advantageous to keep your money in a home safe rather than in a bank, that way you don't have to declare it for tax. |
Re: Pounds down again.
Originally Posted by shirley and anthony hide
(Post 9875678)
On this site best for me to collect is 1.1910 . Interbank rate at moment is 1.1973.So pretty damn good methinks.
just need to get an account with them and away you go |
Re: Pounds down again.
Originally Posted by megmet
(Post 9875685)
Instead of paying these people ridiculous sums in bonus payments they should instead use those vast sums to pay decent interest on our savings.
It has now come to the point where it's advantageous to keep your money in a home safe rather than in a bank, that way you don't have to declare it for tax. they give you 2% if you put money with them for them to use but charge you 10%+ if you want to borrow it back again. anyone interested in starting a personal bank ?? |
Re: Pounds down again.
Currency news is quoting interbank rate at 1.20028 atm so looks like a small improvement.
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Re: Pounds down again.
Originally Posted by Domino
(Post 9875691)
xe.com is currently advertising €1.19911/£0.83395
just need to get an account with them and away you go I think these people will transfer money to a euro account for you in exchange for GBP Whic you will have to deposit first. But doubt they will give you cash. |
Re: Pounds down again.
Originally Posted by shirley and anthony hide
(Post 9875710)
We are talking about cash.
I think these people will transfer money to a euro account for you in exchange for GBP Whic you will have to deposit first. But doubt they will give you cash. These are used by professionals to trade with each other with a small spread of probably a point or two ie .0001 or .0002 . They are not for the likes of me or you as they trade in sums of generally 5 to 10 million or more. Bit to much for 2 weeks in Magaluf I think. |
Re: Pounds down again.
Originally Posted by shirley and anthony hide
(Post 9875734)
All these quote you are getting are real time mid market rates .
These are used by professionals to trade with each other with a small spread of probably a point or two ie .0001 or .0002 . They are not for the likes of me or you as they trade in sums of generally 5 to 10 million or more. Bit to much for 2 weeks in Magaluf I think. |
Re: Pounds down again.
Originally Posted by Domino
(Post 9875696)
remember where granny kept her money ??
they give you 2% if you put money with them for them to use but charge you 10%+ if you want to borrow it back again. anyone interested in starting a personal bank ?? As for borrowing...remember granny said....neither a borrower nor a lender be!;):D |
Re: Pounds down again.
if you need to change pounds for euros or vice versa, it is good to do a private transaction between a person you trust and yourself.
I have just done the figures between buying and selling 3k pounds, just as an example. the difference between what you would sell pounds for and buy pounds for is Selling: GBP 3,000.00 Buying: EUR 3,552.90 Rate: 1.1843 EUR 3,657.20 Buying: GBP 3,000.00 Rate: 0.8203 104,30 If you split it down the middle for both parties each one will have saved/gained 52.15. |
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