currency

[Essaitch57]

I am travelling to Cyprus shortly. What is best to take Euros or Travellers Cheques, I keep getting conflicting reports?

[jack daniels]

Euros are on a bit of a low rate at the moment, so keep an eye on the rate. post office does not charge a fee for currency. Travellers cheques are a safer method.
look into a holiday card usable for sterling/euros & dollars from the post office as they allow you to widthdraw money as and when you need it.

http://www.postoffice.co.uk/portal/po/product1 ?catId=19100174&mediaId=62900708

[dzug]

post office does not charge a fee for currency.

Oh yes it does - about 6%.

[jack daniels]

I work in a post office & I can assure you that we don not charge for currency - don't know what type of post office you're going to

You may want to read this dzug;

http://www.postoffice.co.uk/portal/po/jump1;js essionid=M3HJTA0ASMPOSFB2IGVUOSQUHRA0UQ2K?catI d=19300207&mediaId=19300210

[mirela]

check sainsbury's or tesco's rate, they do best at moment. if not big amount, better just take euro cash then.

[dzug]

I work in a post office & I can assure you that we don not charge for currency - don't know what type of post office you're going to

Same Post Office as you. No 'commission' - true - but the exchange rate is loaded by around 6% on the mid market rate for selling foreign currency and by somewhat more for buying it. That's just as much a charge as commission.

[jack daniels]

we've had people come in saying 'oh you're offering a better rate then the bank' (not every person) but I like your

'oh yes it does' & now it's;

"No 'commission' - true - but the exchange rate is loaded by around 6% on the mid market rate for selling foreign currency and by somewhat more for buying it. That's just as much a charge as commission".

so I take it that like I said in the first place that the post office doesn't charge commission.