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Pounds to Euros

Would you get a better exchange rate if you exchanged your pounds to Euros in Greece?

Posted by
1481 posts

You get the best economy by using your pounds in Britain and withdraw euros in Greece

Posted by
2 posts

I live in the UK.
Just thought you might get a better exchange rate in a Greek bank.
The exchange rate in the UK is very poor at the moment, £1 = 1.06 euros
My bank doesn't charge me for withdrawals from the ATM.

Posted by
5590 posts

You will find it difficult beat the interbank rate, or even the interbank rate +1% if that is what the ATM / your bank offers (eg with a visa debit card rather than MasterCard).

The more specialist forex dealers in London can sometimes shave it down to .5% over the interbank rate if you are buying enough.

1.06 though isn't the interbank rate; at the time of writing it is 1.09428. The best UK bureau de change figure today is 1.09.