Best place to exchange sterling for euro (rate/commission)

lawred2 · 07-06-2016 12:43PM #1

Post office?

PaulM1977 · 07-06-2016 02:11PM

Currency Fair?

Yggr of Asgard · 07-06-2016 03:26PM

Cash or Electronic?

lawred2 · 07-06-2016 03:27PM

Cash sadly..

Think I'm stuck with a bank

Yggr of Asgard · 07-06-2016 03:35PM

Anpost (you can calculate it online)

N1 Currency (you can lock in the rate online)

Foreign Currency Exchange International on O’Connell Street but you don't know the rate until you are in the branch

But all of them are going to be sh1te.

lawred2 · 07-06-2016 04:08PM

An Post won't buy sterling unless I bought sterling previously on their forex card

I went to AIB on O Connell Street. The rate was rubbish but I had little other option.

newacc2015 · 08-06-2016 10:20PM

For future reference get someone you know with a student bank account to sell it. AIB and BOI waive their commission for students

coylemj · 09-06-2016 01:23PM

newacc2015 wrote: »

For future reference get someone you know with a student bank account to sell it. AIB and BOI waive their commission for students

Even with the commission they charge, it is 100% the case that on any given day, you will find that one of the two main banks will beat An Post. Doesn't stop people assuming that 'no commission' always means better and good luck to the post office for good marketing but they are never the best place to buy or sell currency.

Yggr of Asgard · 09-06-2016 02:13PM

coylemj wrote: »

Even with the commission they charge, it is 100% the case that on any given day, you will find that one of the two main banks will beat An Post. Doesn't stop people assuming that 'no commission' always means better and good luck to the post office for good marketing but they are never the best place to buy or sell currency.

The Post Office has now also stopped buying Dollars or Sterling unless you got that via the Currency Card they offer. They don't even buy back anymore if you got in cash via them.

coylemj · 10-06-2016 01:00PM

Yggr of Asgard wrote: »

The Post Office has now also stopped buying Dollars or Sterling unless you got that via the Currency Card they offer. They don't even buy back anymore if you got in cash via them.

Which makes no business sense considering the wide spread between buy and sell rates. They must have had a few bad experiences with staff buying back notes that turned out to be forgeries.

newacc2015 · 13-06-2016 11:28PM

coylemj wrote: »

Which makes no business sense considering the wide spread between buy and sell rates. They must have had a few bad experiences with staff buying back notes that turned out to be forgeries.

I imagine it is not profitable to do it. IMO it is ridiculous that every post office used to buy and sell FX. Sure not all banks offer cash services anymore. It would make sense to restrict physical FX to larger post offices

Best place to exchange sterling for euro (rate/commission)

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