Exchange rate 1105

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exc board at SheilasIn the old days, the question was “How many euros to the pound?”… sadly, now it’s the opposite way round, “How many pounds to the euro”…. The Brexit effect! Most travelers already know not to exchange their currency at the airport, as it is a well-known fact that they offer the worse rate possible.

Alicante airportDespite this, it is astounding that there are still queues at the airport kiosks with holidaymakers readily handing over their hard earned £’s for a boarding on criminal exchange. These companies always cite the fact that they have to pay premium rent to the airport authority as their excuse, which may well be the case, but is that fair?


Avd MedToday’s rate here in Benidorm is 1.095, meaning that for £100 you will get €109.50 – well at the Indoor Market and other reputable exchange places at least. Be warned though that there are also unscrupulous kiosks here, namely a few doors down from the Sol Pelicanos hotel!

Beer pricesHowever, for that same £100 travelers were being offered a meager €90 at Alicante airport, a whooping €19.50 LESS. In real terms, that is 13 pints of beer or two 3 course Menu del Dia's including a bottle of wine.
For those that decide to pay for purchases with a credit card, when asked how you’d like to pay ALWAYS opt for euro’s – or the local currency and never sterling. Although it may seem attractive, as you’ll know exactly how much it will cost, you will be offered a far lower exchange rate. The better alternative would be to use a pre-paid currency exchange card.

Comments  

0 #10 Trevor Jones 2018-09-03 21:10
Stop blaming Brexit just because it costs you another fiver to get pissed.
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0 #9 Mark Broadbent 2018-09-03 21:09
Exchange rates have always been bad at airports, FOR ALL CURRENCIES. It has nothing to do with Brexit!
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+1 #8 Brenda Bardell White 2018-09-03 21:07
Excuse me thanks mate calling me a thick twat seeing your living in Spain what you worried
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-1 #7 Marcus Oliver Robin 2018-09-03 21:06
It’s going to get worse because of thick twats that voted out they obviously don’t care about Britain and very easy lead by dictators
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+1 #6 Harry 2018-09-02 20:16
So MarcB you think Alan is small minded. You need to wake up and understand a little more about financial matters. The pound goes up the pound goes down this has always been the case and will always be so. The change rate is governed by speculators on the money markets Brexit is just an excuse being used by the ignorant to explain what is just normal games played by the very very rich.
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+2 #5 Mark B 2018-09-02 13:37
Oh dear, small minded people like A Price can't admit the obvious correlation between the day of the brexit and the pounds fal!.

These are all the very same people who voted brexit, but then still holiday in Europe! Why Alan? Are you just so depressed with your lot in life?
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0 #4 James Fenwick 2018-08-31 13:12
Not everyone at airports are flying to Benidorm.
Most resorts don’t have kiosks like the indoor market
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0 #3 Fanny Elliott 2018-08-31 13:11
Nine and a half cents more, plus taxes and fees. Conservative, the party of "business", their own business, screw yours.
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0 #2 Alan Price 2018-08-31 12:44
The Brexit effect?
What caused the pound to fall to similar levels in 2010?
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0 #1 Carlos MP 2018-08-31 12:43
I know what you mean but still 1 GBP is worth more than 1 EUR
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