I've just been to get some euros for my holiday. the exchange rate is 1.25 according to yahoo finance.

I've just got 1.205 at travelcare for £200. I got 240 Euros.

Should i not have got 1.25? Not 1.205?

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There is a standard exchange rate and the rate someone like this will give you. For example "commission free" doesnt mean jack if the rate they give you is crap. Check out the buy/sell rates quoted by Travelex etc to see what I mean. If the official exchange is say 1.25 - it doesnt mean you are going to get it.

They took 0.2 from you to make it worth their while

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Cheers. I'll check it out. If the rate wasn't so shit, i wouldn't have batted an eyelid.

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They will sell to you below the exchange rate, but buy back at the exchange rate/similar to it

I think the Post Office do the same.

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You've 3 rates.

1. The exchange rate.

Then you have what each company/bank/post office have based on 1.

2. The rate they buy
3. The rate they sell

Sterling is shit against the Euro at the minute though.

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like i said. I wouldn't have questioned it if the rate wasn't so shit

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On top of this, you need to use ID if you want money using a card.

That's fair enough. But Abbey charge you if you get currency out! A considerable amount too apparantly.

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