Cyprus-Forum.com

[migmogs]

hi all

are we better to exchange our monies over here in the uk to get a better rate than do it when we are in Cyprus?

cheers

migmogs

[Gasman]

No one can forecast what the euro/sterling exchange rate will be in future. It changes all the time.

Seems to have hovered around the 1eu : 1.1GBP here in Cyprus for a while now.

I do find I get a slightly better rate in the UK than in Cyprus, but always check what it is beforehand.

[Pepps]

How can they give so low when the tourist rate is like 1.12 today ???

[rigsby]

I always take GBP over with me plenty of places to change money up.The exchange rate is better in cyprus with plenty of places not charging any commission if you look around

[Pepps]

So would you normally change it in a bureau de change as opposed to a bank

I know at gatwick airport they wanted to give me 1.1 which I thought was a joke

In the post office they were giving 1.7

What rate do you think BdC would be giving

[rigsby]

Is that all they are giving 1.1 to the pound I.ve always exchanged over there and seemed to get a better rate. I,m coming over in June I better check it out before I leave

[vaughanwilliams]

So would you normally change it in a bureau de change as opposed to a bank

I know at gatwick airport they wanted to give me 1.1 which I thought was a joke

In the post office they were giving 1.7

What rate do you think BdC would be giving

If I give you a couple of grand, can you get me 1.7E to the pound, please?
I think you'll find that was 1.07E to the pound.

[Pepps]

I think you re probably right lol

[Jimski999]

I exchange money several times a month as my salary is paid in pounds sterling and I find that I usually get about 2 cents less than the rate shown on the BBC plus I have to pay a transfer charge from the UK Bank to the Cyprus Bank. It's usually cheaper to bring sterling with you and change it here though people say that a Nationwide account is the way to go as they give a favourable exchange rate and don't charge any transfer charges so it's convenient to use the Autobanks.

Jimski

[migmogs]

I exchange money several times a month as my salary is paid in pounds sterling and I find that I usually get about 2 cents less than the rate shown on the BBC plus I have to pay a transfer charge from the UK Bank to the Cyprus Bank. It's usually cheaper to bring sterling with you and change it here though people say that a Nationwide account is the way to go as they give a favourable exchange rate and don't charge any transfer charges so it's convenient to use the Autobanks.

Jimski

thanx for that jimski

we also would be paid into our uk account.....a Nationwide account sounds a better option

cheers

migmogs