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Go Back   Pollensa Forum > GENERAL > Miscellaneous

Miscellaneous Use this area ONLY if you can't find a suitable home for your topic. We'll create a new area if necessary and reserve the right to move topics to more suitable areas. Only post regarding the Pollensa area. This is not a forum for general discussion.

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  #1  
Old 07-04-2009, 09:32
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Default exchange rates

Hi I just have a quick question about the exchange rate in the pp at the moment. I am coming over next week with my family and wondered whether it's better to buy my euro's here or wait until I get there. I know there isn't a huge difference but with a family of 5 to feed, every little helps as they say.

Cheers

Sarah
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Old 07-04-2009, 12:30
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How are you planning to change your money? As is often discussed here, the best thing is to open a 'Nationwide' flex account, stick your holiday cash in the account and withdraw at ATM's with a rate better than any bank or exchange and NO charges or commission. Type Nationwide in the search tool to view the various chats we have had about it on here.
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Old 07-04-2009, 12:49
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I was just going to bring cash with me so I don't get charged for the withdrawals over there (although I might need to do that towards the end of the holiday). The Nationwide looks good but I probably wouldn't have time to open the account now with the bank holiday in between. This won't affect me but their website says that they are now going to pass on any visa charges to the customer from 6 May for credit cards and 1 June for debit cards, so if any of you do have this account you might want to check that out. It will be 1% of the transaction.
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Old 07-04-2009, 13:44
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Yes, but if you read on it clearly states that no fee will be charged for use of the card in Spain.

click here for the details
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Old 07-04-2009, 17:04
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Oh well that's good. Anyway it's still too late for me.
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Old 07-04-2009, 18:20
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Default Online currency

Hi Sarah. I've recently used an online currency company called Travel Money Services. They deliver to your door, the earliest you can now get is 17th April but they are currently offering 1.094 for that date. Thats much higher than travel agents and banks. I didn't post earlier because I wanted to make sure I got my money first!!!! But got 1.15 to the pound only last week. The money comes via Royal Mail signed delivery.
Maybe worth a look. Here's the link: Foreign Currency Exchange Rates from Travel Money Services
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Old 07-04-2009, 18:49
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Well done ryansclan, that was a good rate to get it at, checked M&S today who are normally good, only doing 1.05, thats not good
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Old 07-04-2009, 19:07
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Market rate currently at 1.11 - it has recovered over 4% in last week

(Watch it now plummet as I have said that)

GG
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Old 08-04-2009, 11:25
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I was having a chat with a fellow importer yesterday afternoon and he told me that he has 'forward bought' euros for June from HSBC at 1.18 so HSBC obviously expect the to rally over the next few months.

Just hope they are right, but what do bankers know

GG
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Old 08-04-2009, 12:48
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Quote:
Originally Posted by Mark1875 View Post
Yes, but if you read on it clearly states that no fee will be charged for use of the card in Spain.

click here for the details
Nationwide are going to pass on the cost see the link

Nationwide FlexAccount: Current Accounts, Internet Online Banking
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Old 08-04-2009, 13:55
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Quote:
Originally Posted by Colbert View Post
Nationwide are going to pass on the cost see the link

Nationwide FlexAccount: Current Accounts, Internet Online Banking
Not in Spain that I can see?
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Old 08-04-2009, 13:56
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But as pointed out above VISA do not charge for Spain so there will be no charge to pass on: see Nationwide Building Society - Foreign Transactions

For Spain it states "Spain - No fee charged"
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Old 08-04-2009, 13:58
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Quote:
Originally Posted by pollensa View Post
But as pointed out above VISA do not charge for Spain so there will be no charge to pass on: see Nationwide Building Society - Foreign Transactions

For Spain it states "Spain - No fee charged"
Beat you buy a minute
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Old 08-04-2009, 14:27
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good points well made, should of looked into it a bit more carefully next time.

Back to the point made originally by Sarah74. Regardless of bank accounts not charging or good exchange web sites, what is the exchange rate if i were to get cash exchanged in a place in PP at the moment?

Thanks
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  #15  
Old 06-05-2009, 11:11
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Hi ryansclan just checked out the link you suggested, looks very good, offering 1.137 for delivery in July which is good as M&S are only offering 1.084 today, anyone else found any good deals at the moment?
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