19 Jun

do exchange rates differ depending on where you buy currency from?

Posted by: admin  /  Category: Buy Currency

going to egypt on holiday in a few weeks from the uk…
for example is it cheaper to go to the post office to exchange currency or can i find better rates online or travel agents or elsewhere?
i have been checking the exchange rate for BGP against egytinan pounds and it differs in a few places…
this is the first time i have had to exchange currency myself so would appreciate some guidance!
might it even be cheaper to keep my pounds and exchange them once in egypt

Wait until you go to Egypt to exchange your money. Exchange your money at a bank once you get there, as they will have a better exchange rates. Don't exchange your money at the airport. They will probably have a very low exchange rate.

3 Responses to “do exchange rates differ depending on where you buy currency from?”

  1. married_pete Says:
    June 19th, 2009 at 12:26 pm

    Yes exchange rates do change ,depends on the buyer and sale money exchange ( bank) that you exchange your money at ! the exchange rate that you get may be a few cents different ,always you loose
    References :

  2. luludoodie Says:
    June 19th, 2009 at 1:12 pm

    Usually Post Office gives best rate.
    NEVER change at airport / travel company - poor rates!
    Changing small amounts in destination is also expensive.

    Take some BGP with you in case you run short.

    Have a great time!
    References :

  3. Kelly B Says:
    June 19th, 2009 at 1:25 pm

    Wait until you go to Egypt to exchange your money. Exchange your money at a bank once you get there, as they will have a better exchange rates. Don't exchange your money at the airport. They will probably have a very low exchange rate.
    References :
    Life experience

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