EXCHANGE RATES. GOOD and BAD!!!

You may have spent months planning a holiday and paying for flights, hotels etc with your hard earned cash. You may have taken the plunge and decided to use your savings to buy a property abroad. All carefully budgeted for and helping you to achieve your dreams.

ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ WHAT ABOUT CURRENCY EXCHANGE?

Why oh why, do I see people in queues at airports waiting to exchange pounds into euros, dollars etc. I feel it won’t be because they have forgotten they may need some cash for some purchases abroad but because they know there are exchange desks available at the airport and this may seem convenient. Yes and it will give something else to do while waiting for departure.!! What it probably won’t do is give you the best rate of exchange.

Only recently, as I studied the queues of currency purchasers, I was amazed to see the temerity of the currency kiosk in offering less than 1 euro for 1 pound ÿ- ÿonly to be outdone by the sheer cheek to be charging a rate of about 1.35 to get your pound back. Yes, a margin of about 40% between the buying and selling rates of exchange.


And the final enticement? “We charge you no commission”. Well, kind-hearted or what? Even they obviously felt they had to draw the line somewhere!


But you don’t
ÿhaveÿto put up with this.

What can be done to get a good rate of exchange? A little
ÿextraÿplanning as part of your holiday plans in general. Keep an eye on exchange rates in the weeks before your holiday date. You will then see the trends and can jump in when they look to be in your favour. Look at different exchange bureaux/banks …….they may not have the same exchange rates on the same day.

When buying a property abroad the amounts involved can be large. This is when using a currency house can give you a good rate and save you considerable amounts.


We are always pleased to explain which ones we use and why.


In all aspects of our lives we often “shop around” for good deals on our purchases. So currency exchange should follow this ethos.

Keith Pintointernational

You May Also Enjoy

Breaking News

Breaking Property News – 28/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Birchgrove and Hybr launch intergenerational living scheme A unique partnership will see students, key workers and retirees live together at new north London retirement development. Birchgrove, the UK’s leading provider of rented retirement homes, and Hybr, the UK’s leading student letting platform, today announce an industry-first…
Read More
Estate Agent Talk

Benefits Of Choosing Roger Bates Properties

Roger Bates Properties stands out as a prominent real estate agency that offers a myriad of benefits to individuals seeking to buy, sell, or invest in real estate. With a stellar reputation and a commitment to excellence, choosing Roger Bates Properties can prove to be a decision that yields numerous advantages. 1. Experience and Expertise…
Read More
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 28/02/24

The average 5-year fixed mortgage rate is now 4.80%, up from 4.59% a year ago The average 2-year fixed mortgage rate is now 5.15%, up from 4.92% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.73%, up from 4.64% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.30%, up from 4.25% a year ago The average monthly mortgage payment on a…
Read More
Love or Hate Rightmove
Breaking News

Rightmove calls for stamp duty reform with only 4% of London homes exempt

Ahead of the Spring Budget on March 6th, the UK’s biggest property website Rightmove suggests three policy reforms that could help people moving home: A reform of stamp duty to consider regional property price variations: Only 4% of homes in London are stamp duty exempt for all buyers, compared to 71% in the North East Less than…
Read More
Breaking News

Breaking Property News – 27/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Alto reveals ‘next generation’ of Lettings Progression Alto, software for estate agents and part of Houseful, has revealed further information about the improvements being rolled out in 2024 to drive a step change in business efficiency for letting agents. Leading the way is a…
Read More
Home and Living

The Versatility of Parquet Flooring in Contemporary Homes

What comes into your mind when you hear about parquet flooring? Most probably Victorian era, historic estates, grand ballrooms, and grand mansions but what if I tell you that the parquet flooring has redefined itself with warmth, texture, and classic elegance? Parquet flooring in contemporary homes is a delight to the eyes because when you…
Read More