A question

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richard berman
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A question

Post by richard berman » Tue Jun 23, 2009 10:10 am

Is it better to change my €'s into £'s in Finland or in the UK??

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nalkainen
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Re: A question

Post by nalkainen » Sun Jul 19, 2009 4:53 pm

i need to know too. please anybody know of any resources
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Karhunkoski
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Re: A question

Post by Karhunkoski » Sun Jul 19, 2009 5:13 pm

How many are you changing? A few hundred for tourism, or a few thousand to buy something more substantial?
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AldenG
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Re: A question

Post by AldenG » Sun Jul 19, 2009 7:17 pm

A prominent consumer/travel advisor in Atlanta says the best thing is to use your ATM card to withdraw directly from the Otto machine against your home checking account. He is usually extremely well informed about anything relating to travel, but I don't know if I can vouch for this bit of advice.

I withdrew a few hundred today but the receipt doesn't show the conversion rate or fees, so I don't know how it compares to Forex or a bank. I'll check my online banking in a few days and see if I can get a comparison.
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sinikala
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Re: A question

Post by sinikala » Mon Jul 20, 2009 12:47 am

richard berman wrote:Is it better to change my €'s into £'s in Finland or in the UK??

Cheers
The best exchange rate is obtained by taking cash from a UK hole in the wall, you may have to pay a fee of a couple of Euros, but the exchange rate will be the official € vs £ without the bank´s cut.

The saving on better exchange rate will usually outweigh the transaction charge. On £100 you´ll save £1-2.

However, in practical terms, it´s more convenient for me to withdraw £100 from the Nordea exchange desk in Vantaa departures lounge, that means I don´t have to pi$$ around looking for a cashpoint on arrival in England.
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Bubba Elvis XIV
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Re: A question

Post by Bubba Elvis XIV » Mon Jul 20, 2009 3:40 am

sinikala wrote: The best exchange rate is obtained by taking cash from a UK hole in the wall, you may have to pay a fee of a couple of Euros, but the exchange rate will be the official € vs £ without the bank´s cut.
Is that standard in the EU / Europe / World or just a UK thang?
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AldenG
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Re: A question

Post by AldenG » Mon Jul 20, 2009 7:20 am

Yeah, I see I read the question backwards. An ATM isn't much use if you've got a handful of cash to change.
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Pursuivant
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Re: A question

Post by Pursuivant » Mon Jul 20, 2009 12:36 pm

Just go on a binge - in teh morning usually all the cash is gone
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