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Brexit - Pay on Amazon in GBP or Euro?

  • 28-06-2016 11:25am
    #1
    um7y1h83ge06nx
    Closed Accounts Posts: 5,029 ✭✭✭


    Hi,

    Given the recent news and currency fluctuations is it better to pay in GBP or Euro these days at the checkout in Amazon?


Comments

  • #2
    rubadub
    Registered Users, Registered Users 2 Posts: 32,386 ✭✭✭✭rubadub


    I did a test on monday
    rubadub wrote: »
    I would be checking the true rates mastercard/visa/paypal are giving today, this is guessing you might have just used xe.com

    Just testing there xe have

    1.00 GBP = 1.19906 EUR
    British Pound ↔ Euro
    1 GBP = 1.19906 EUR 1 EUR = 0.833985 GBP


    amazon's own rate (which is not as bad as it used to be).

    Order Total:GBP 125.82
    Payment Total: EUR 158,68

    which is 1.261 vs 1.199 on xe. So about a 5% difference.

    I did not check the credit card rates, there is some site showing their current rates, and you have to also know your banks other charges too. Amazon have been very close to the banks rates in the last year or so, but could be different at this moment with all the uncertainty.

    In this thread someone paid on friday
    salad17 wrote: »
    So I buy regularly off a UK website. This order I placed over the phone, the total cost in pounds was:

    £311.79

    Converted to euro on google/xe on the day of purchase 24 June it came in at:

    €381.71

    However looking at my bank account today I was debited:

    €395.94 (converted today with google as £327.45)

    In pounds, that's a difference of £327.45 - £311.79 = £15.66

    Is this normal? Where does that extra £15.66 disappear to? Does the website take it by giving a bad exchange rate, or does the bank take it (Ulster bank is my bank)?

    So the difference between ulster bank and xe was less than the 5% amazon estimate, it was about 3.7%, but it could be changing daily and amazon could well be better today.


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