British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
- memory man
- Posts: 5300
- Joined: Wed Dec 28, 2016 7:30 am
- Location: on top of ATLANTIS
- Contact:
British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
UK holidaymakers face worst euro exchange rate ever seen as they leave for summer getaways.
READ MORE
READ MORE
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
The simple solution is not to change money at airports.
Experts said that was possibly the worst euro exchange rate ever seen at any UK airport – traditionally the most expensive places to buy foreign currency.
Now, I have a request. If you want to argue about who is to blame for the exchange rate, please do so in the politics section. There are already several threads there on the go about it, so you won't be lonely.
Can we keep this thread open for suggestions on how to get the best exchange rate? Where in Paphos, for instance, is the best place to go?
Web Designer / Developer. Currently working on Paphos Life.
Living in Polemi, Cyprus with my wife and daughter.
Living in Polemi, Cyprus with my wife and daughter.
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
I visit 3 times a year and in my experience the gift shops in the little court next to Paphinia Seaview Apartments offer the best rate. Invariably it's only 2 cents less than the mid-market rate so today I'd expect it to be 1.09 to the £. Not great obviously but a lot better than 88 cents.
For that reason I always just bring Sterling with me.
For that reason I always just bring Sterling with me.
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
LIKE!
Caveat, though... ALWAYS watch very carefully when they count your € notes out, please! Mistakes do happen, (usually in their favour, ahem!), so if you think an error has occurred, just ask them to recount it, before you even touch their money), more siga siga this time, please.
You'll likely get a frosty response, but stand your ground! As sometimes, another € note will appear out of the till, along with a mumbled apology. Happened to me on a number of occasions, so it could just possibly be a common scam...
Cheers- AL
Caveat, though... ALWAYS watch very carefully when they count your € notes out, please! Mistakes do happen, (usually in their favour, ahem!), so if you think an error has occurred, just ask them to recount it, before you even touch their money), more siga siga this time, please.
You'll likely get a frosty response, but stand your ground! As sometimes, another € note will appear out of the till, along with a mumbled apology. Happened to me on a number of occasions, so it could just possibly be a common scam...
Cheers- AL
Gone but not forgotten...
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
Al,
I remember this was a problem some years ago but not so now.
Having used these 3 shops many times over the last 4 years there has never been a "mistake"
Like many things (remember the pirate videos? ) things like that have been tightened up.
I remember this was a problem some years ago but not so now.
Having used these 3 shops many times over the last 4 years there has never been a "mistake"
Like many things (remember the pirate videos? ) things like that have been tightened up.
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
If you want to change sterling in Paphos, make sure you bring Bank of England notes. Bank of Scotland, Royal Bank of Scotland and Clydesdale Bank will either be refused or you will get a lower exchange rate - even at the bank.
-
- Posts: 902
- Joined: Thu Dec 29, 2016 8:18 pm
- Location: Formally Rochdale, Penrhyn Bay and Anarita
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
We use our zero bank account and credit cards (Santander) for drawing money and spending in Cyprus. Used to use the mentioned kiosks, but having really bad fake ciggies sold by one of them, the one by cydive, would now not go near them.
Santander are advertising a fee free credit card on their website. OK if you have a UK address.
Santander are advertising a fee free credit card on their website. OK if you have a UK address.
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
Travelex at Heathrow are offering EUR 1.08 for GBP1 (but I think you get 88p for 1 Euro did somebody look at the wrong transaction?)
- LouiseCastricum
- Posts: 1698
- Joined: Wed Dec 28, 2016 10:10 am
- Location: Pegeia/Peyia/Πέγεια since 1994
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
That's what I thought, but...............
Louise
-
- Posts: 196
- Joined: Wed Mar 22, 2017 8:58 pm
- Location: South East England (for a few more months)
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
XE.com says we are currently at a nominal 1.11414.
It's been worse. The average for all of 2009 was 1.123. The lowest day was 1.0219 on 29 December 2008.
It's been worse. The average for all of 2009 was 1.123. The lowest day was 1.0219 on 29 December 2008.
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
I did warn of the rates being offered at the new ATM.s at Larnaca Airport several weeks ago; I cancelled a transaction as the rate was much lower than shown in the daily exchange rates.
Jim
Jim
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
That sounds a bit more like, it Andrew! Yes, I think someone in the media got their knickers or boxer shorts in a twist, and reported this forex rate arse about face, doh...
Such fake news can echo around the world for the next 48 hours and affect all the main currency rates, until common sense settles again...
Gone but not forgotten...
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
I would advise anyone with friends or family coming over to Cyprus to only use known bank ATM's like the BOC or Hellenic as there are vast differences in exchange rates offered by the stand alone ATM's dotted around the high streets.
Jim
Jim
- PhotoLady
- Posts: 2731
- Joined: Wed Dec 28, 2016 10:53 am
- Location: Where the river meets the sea
- Contact:
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
"Have Camera, Will Travel"
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
and we in the UK are all forced by law to pay £165 TV Licence fee to keep this institution going!
Part of which goes to fund their "BBC World" satellite service, available for FREE globally, except on 28.2ºE in UK (who pay for it!). You couldn't make it up if you tried...
Part of which goes to fund their "BBC World" satellite service, available for FREE globally, except on 28.2ºE in UK (who pay for it!). You couldn't make it up if you tried...
Gone but not forgotten...
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
I think you'll find they were correct in saying that Cardiff Airport was offering €0.88 to £1.00.
Cardiff Airport have a history of having the most expensive currency exchange in the country, often offering as much as 15% to 20% lower than the mid-market rates and they try and justify this due to the low footfall at the airport.
I believe that during the lowest point for sterling in late 2008 when the mid-market rates were almost parity that the exchange at Cardiff airport were offering about 85c to the £. So it's not quite the lowest rate ever (but close).
Cardiff Airport have a history of having the most expensive currency exchange in the country, often offering as much as 15% to 20% lower than the mid-market rates and they try and justify this due to the low footfall at the airport.
I believe that during the lowest point for sterling in late 2008 when the mid-market rates were almost parity that the exchange at Cardiff airport were offering about 85c to the £. So it's not quite the lowest rate ever (but close).
- Expresspete
- Posts: 70
- Joined: Sat Feb 18, 2017 1:19 am
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
Reported in today's Independent that Morgan Stanley are predicting the pound to be lower than the euro for the first time in history by early 2018
Living the Sunshine dream
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
What makes you say that, Hudswell? I'd have thought that your typical ex-pat in Cyprus, surviving on UK State (and perhaps Occupational) Pension(s) would wish for a STRONG GB£ in order to gain more €€€ each week or month after the forex conversion?
Cheers- AL
Gone but not forgotten...
Re: British tourists offered 88 euro cents for £1 in Europe, one year on from Brexit vote
IF it happens !
It's not the size of the dog in the fight, it's the size of the fight in the dog.