i dont think travellers really gain in the exchange rate

2 Jul

london 8.33pm 17C sunny clear sky saturday 2016

i was in town and saw the exchange rates that the high street money changers were charging. they have a buy and a sell rate. 

if u want to change £ to Euros, they charge u £1 =1.17 euros

if u want to change euros to £ , they charge u £1= 1.34euros. the official exchange rate now is £1=1.19euros.

so it looks like the euro tourists here dont really get the full benefit of the cheap £. i think this is the universal truth … you can never get good exchange rate if u are a foreigner changing your money to the local currency in the country where u are visiting.

that is why it is a wise move to buy all your currency in your own country before u travel. the downside of course is that u are carrying a lot of cash and u can get robbed. alternatively u can pay with your credit card and just pay the exchange rate that applies on that day when the purchase gets processed by your bank.

nowadays i dont like it at all , so that is why i dont visit countries anymore. it is only part of the reason i hasten to add . the other part is because i have lost interest in visiting countries just for the sake of visiting them. i have gone there and bought the t shirt as it were, and seen them and got it out of my system… and so have lost that urge to travel now.

in fact, i seem to have gone the other way round, i dislike leaving london so much so that i wont even take the £1 train that takes 2hrs to bournemouth to visit john. i mean to say if even that low fare does not tempt me, nothing will.

burlington gdn street festival

 

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