Hi - my family and I are due to visit in September and wondering what the current exchange rate is over there - is it better than the banks here? We will be in the Ayia Napa area.
If anyone can help it would be appreciated
Can't remember 100% but isn't there a benefit in insisting on the bill being paid in the local currency rather than sterling so that the Bank in the UK set the rate of exchange.
we often have this conversation in Nicks!!!! seems the benefit of a better exchange rate in sterling is outweighed by what uk bank charge for converting or something. so didnt make a difference to choose to pay in euro or sterling. now try & withdraw cash from BOC ATM & save the charge for paying for cigarettes by card. not that its a great amount.
Location: Having escaped the near-death experience of Sofia Bulgaria, happily living in Frenaros
It seems pointless to post the exchange rate daily or hourly here. The exchange rate fluctuates by the minute. Why not just look at www.xe.com for the current market rate instead of asking here what it is at any given moment?
It is well known that:
1. Nick's Bottle Shop gives a fair exchange rate
2. You will get the best rate by using an ATM card in a bank ATM, but there may be fees imposed by your bank.
3. Banks do not generally give the best exchange rate for cash
4. Do not use dynamic currency conversion when using a credit card for charges in a foreign currency - this is a rip-off.
_________________ .....The future, according to some scientists, will be exactly like the past, only far more expensive......
HSBC Premier does not incur charges. That is what I use.
According to the HSBC UK website it DOES incur charges if withdrawing from an ATM, screenshot below from the HSBC website?????? And as the majority of posters on here are asking about the exchange rate with Sterling I think the answer I gave is more relevant. If yours is UK based please tell me how to get one that has no charges.
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