exchange rate

[andyrogers]

Hi, can anyone tell me what the rate is in cyprus at the moment as it is usually better than in UK so i can compare it. Thanks Andy.

[peterwalter3000]

Originally Posted by andyrogers

Hi, can anyone tell me what the rate is in cyprus at the moment as it is usually better than in UK so i can compare it. Thanks Andy.

In Cyprus it is Euro's , Euro is the same to the pound all over where the Euro is used . Exchange just depends on the £ at the time and now most of the time the £ is crap .
I still think you will still find things cheaper in Cyprus though as you not pay so much tax on things .
Have fun in Cyprus . Peter .

[Miles and Sue]

Hi Andy,

down in coral bay today they were offering a very poor 1.06 i did get 1.12 in the bank earlier today but paid £5 for the service for the best rates in the UK try Cheap Travel Money: Get your foreign currency for less with the Travel Money Maximiser where you will be able to find 1.11 which while poor is still a lot better than 1.06

hope this helps

[BabsM]

In Larnaca today, in the old Turkish area by the old market, you can get 1.12.

[andyrogers]

Originally Posted by BabsM

In Larnaca today, in the old Turkish area by the old market, you can get 1.12.

thats great cheers about 0.04 better than here which makes a diffreence when changing a few thousand up.

[surfuk]

If you changing a large sum of money for say property purchase etc, seek some proffesional advice as there are ways to reduce your exchange rate loses by changing to a "middleman" currency first rather that switching direct from sterling to euros..... please dont ask me what they are as i dont know right now with current rates etc, but i know many people that have changed from sterling to dollars (when the dollar was on its arse) then to euros , or something else, not necesarily dollars and have made smaller losses.

[Arranexpat]

Originally Posted by surfuk

If you changing a large sum of money for say property purchase etc, seek some proffesional advice as there are ways to reduce your exchange rate loses by changing to a "middleman" currency first rather that switching direct from sterling to euros..... please dont ask me what they are as i dont know right now with current rates etc, but i know many people that have changed from sterling to dollars (when the dollar was on its arse) then to euros , or something else, not necesarily dollars and have made smaller losses.

Surfuk is right, there are currency solution companies here that will give you a better rate if you are bringing in larger ammounts. I use mine when I'm changing anything over £1000.

The exchange rate has been wobbling between 1.11 and 1.14 since christmas so I wouldn't hold your breath

[Paul Wood]

Andy,
If you taking cash over then Alpha bank are buying sterling today at €1.104 / £.
If you are looking to do a big transfer for a property purchase then do a tracable transfer from the UK and search the internet.
If it is holiday cash look through all internets and banks at rates and charges.

Paul

[andyrogers]

Originally Posted by Paul Wood

Andy,
If you taking cash over then Alpha bank are buying sterling today at €1.104 / £.
If you are looking to do a big transfer for a property purchase then do a tracable transfer from the UK and search the internet.
If it is holiday cash look through all internets and banks at rates and charges.

Paul

cheers all i've been watching the markets and rates and things could be better by may it could be getting back up around the 1.20 area.

[Arranexpat]

Originally Posted by andyrogers

cheers all i've been watching the markets and rates and things could be better by may it could be getting back up around the 1.20 area.

I work in the money markets, it's possible but I wouldn't hold your breath. This summer will be hit hard. The travel industry is in big trouble. Be careful who you book through and do not pay air fayers etc on a debit card. Go this is the time to use a good travel agent and book with a credit card so you are covered. Many many airlines, hotels and travel companys will suddenly go under this summer. If you book direct on a debit card you won't be able to claim anything back and will fall to the bottom of the que if you're stranded.