Anyone want to buy some cheap euros?

Cadiz Seagull · Apr 7, 2014

I'm going to be in UK on Thursday and I need to change some euros into sterling.

The Post Office make a big thing about how competetive they are, I've just checked their website and if I change 500 euros they will give me £364.96

But if you then buy those 500 euros from the Post office they will charge you £422.80

That's a HUGE profit to the Post Office of £57.84

So if you need some euros, how about we do a private deal, I will swap you 500 euros for £394.00

That way we are both well over £25 better off,.

Anybody interested? I will be at the Charlton game so can pass them over then or meet you somewhere else if you aren't going on Saturday

Commander · Apr 7, 2014

No thank you.

pauli cee · Apr 7, 2014

pm sent

Cadiz Seagull · Apr 7, 2014

Commander said:
No thank you.

Youve got a baby to bring up, no more foreign jollies for you

Spun Cuppa · Apr 7, 2014

Why don't you keep hold of them for the next time you are in Scotland :ohmy:

Cadiz Seagull · Apr 7, 2014

Euros sold. If anyone's interested another time just let me know, I'm back fairly frequently.

kingcole · Apr 7, 2014

To be honest, this is actually a very good thread. The offers of 'no commission' are a con when the spread on the Euro is often +/- 20 cents and on the dollar often over 30c.

On lesser currencies the percentage is even greater. And post office are far from the worse offender. At the airport the spread can be double!

Questions · Apr 7, 2014

What's worth ten times more in this country than it is in Poland ?

Good trivia question this.

Prince Monolulu · Apr 7, 2014

Questions said:
What's worth ten times more in this country than it is in Poland ?

Good trivia question this.

Spanish Dave?

The Camel · Apr 7, 2014

I was just about to rip into OP for swindling fellow NSCers

But 500 Euros for £394 is actually a really good deal for the buyer.

Questions · Apr 7, 2014

Cadiz Seagull said:
Euros sold. If anyone's interested another time just let me know, I'm back fairly frequently.

Can I order a thousand pounds worth in late may please Cadiz ?

Alex Alex Dawson oo! oo! · Apr 7, 2014

Cadiz Seagull said:
Euros sold. If anyone's interested another time just let me know, I'm back fairly frequently.

Might take you up on this, what's your exchange rate for root veg btw?

Found out about Jarramplas/Piornal from my sister in law last week. Pelting some Ned Kelly "lookalike" in armour with turnips, it could only be Spain - marvellous stuff.

Cadiz Seagull · Apr 7, 2014

Questions said:
Can I order a thousand pounds worth in late may please Cadiz ?

Are you serious? I may be able to do something as I'm likely to be back in UK around that time (even if we aren't in the play-off final!

Cadiz Seagull · Apr 7, 2014

The Camel said:
I was just about to rip into OP for swindling fellow NSCers

But 500 Euros for £394 is actually a really good deal for the buyer.

You're too kind :thumbsup:

And I've just done some calculations, I have another 300 euros if anyone is interested? Yours for 236 pounds

blue'n'white · Apr 7, 2014

These guys are normally pretty good too - http://www.thomasexchangeglobal.co.uk/ - I get mine from Cannon Street but they've a few branches (one at Victoria I believe). Certainly better than most places in the UK

Questions · Apr 7, 2014

Cadiz Seagull said:
Are you serious? I may be able to do something as I'm likely to be back in UK around that time (even if we aren't in the play-off final!

Well if it's cheaper than worthings Bureau de change in chapel road then yes. Going to italy at the start of June.

The Camel · Apr 7, 2014

Cadiz Seagull said:
You're too kind

And I've just done some calculations, I have another 300 euros if anyone is interested? Yours for 236 pounds

Very kind, but I'm not planning on going to Europe for the foreseeable future.

Excellent offer though

The Maharajah of Sydney · Apr 8, 2014

Cadiz Seagull said:
I'm going to be in UK on Thursday and I need to change some euros into sterling.

The Post Office make a big thing about how competetive they are, I've just checked their website and if I change 500 euros they will give me £364.96

But if you then buy those 500 euros from the Post office they will charge you £422.80

That's a HUGE profit to the Post Office of £57.84

So if you need some euros, how about we do a private deal, I will swap you 500 euros for £394.00

That way we are both well over £25 better off,.

Anybody interested? I will be at the Charlton game so can pass them over then or meet you somewhere else if you aren't going on Saturday

Hey Cadiz, just a heads-up. You are being more than generous with your exchange rate.
That rate from the Post Office is not an equal mark-up, it is heavily skewed in favour to the buyer of Euros.
The spot rate for EUR/GBP is currently around 0.8275. So, using this true rate , €500 = £414 ( 500 x 0.8275 )
And that €300 you've got leftover equates to about £248.

For future reference, the midpoint on the exchange rates listed on a website like this one offer a much fairer reflection ;

http://mc24.ch/24inch.html

cloud · Apr 8, 2014

You should sell your spare Euros on eBay. For some reason they always sell for much more than the exchange rate.

BensGrandad · Apr 8, 2014

500 Euros in ASDA which is usually the best local rate of big stores etc will cost you £427.

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Anyone want to buy some cheap euros?

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