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An Post-dollars/sterling commission free.

infamous · 2011-06-23 13:05:12

Would this make an post a viable option for purchasing dollars/sterling if felt euro was going to weaken, or are the rates not as good as you would get elsewhere?

23-06-2011 1:05pm

#1

infamous

Closed Accounts Posts: 100 ✭✭

Join Date: August 2009

Posts: 81

Would this make an post a viable option for purchasing dollars/sterling if felt euro was going to weaken, or are the rates not as good as you would get elsewhere?

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Comments

#2 27-06-2011 11:43am

infamous

Closed Accounts Posts: 100 ✭✭

Join Date: August 2009

Posts: 81

anyone? or was this a ridiculous question?

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#3 28-06-2011 11:37am

Raskolnikov

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Join Date: December 2001

Posts: 9813

When banks, post offices, travel agents, etc. advertise that currency exchange is "commission-free", it's a completely meaningless statement. Exchanging currency is never free. You will either pay a fixed-rate fee (often this is called commission), or else you will be charged a percentage of the total currency that you wish to exchange (i.e. the rate of Sterling to Euro might be £0.89 in the market, however you might only get £0.87 with the bank pocketing the rest as their fee).

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