User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
Indoor Market

Its the age old question - where and when should I change my sterling into euros. Will I get more in the UK or at my holiday destination? 
Well after extensive research this morning I can answer that question for you - wait till you get to Benidorm.... you'll get more euro's for your pounds.The bank rate this morning at 9am was 1.13 - this is the inter-bank rate NOT what you will receive when you change your pounds.

Rincon de Loix
Going around the popular exchange shops in Benidorm you would think that there was a cartel as they were all offering the same rate - 1.10. I then went into the Santander Bank on the Avd. Mediterraneo and they offered me an exchange rate of 1.09. There was no commission at either the bank or any of the Benidorm exchange shops - but do always check. Lastly I checked the hotel rates .... DO NOT under any circumstances change here - the Hotel Poseidon were only offering 1.05.Always remember to take your passport with you as this is a legal requirement. At the Euro Tobacco outlets they have a sign at the counter "We offer the same exchange for Scottish and Northern Ireland notes" - perhaps some exchange shops offer less?

I then came back and rang the two most popular UK money exchange options .... the Post Office and Marks & Spencer. M&S quoted 1.08 however I was shocked by the Post Office rate. They were offering 1.09 - but this rate was if you were exchanging OVER £1000. If you where changing £500 or less it was only 1.04! Quite a difference....
So going on todays rates and findings you are better off to change it once you arrive here in Benidorm. However, and its a big however - be aware that not all exchange boothes are legitimate and honest - what you see is not always what you get. If the rate is higher than all the others around then question it - as the saying goes, if it sounds too good to be true it probably is! Most people hand over the sterling and do not check what they are getting back.

One such place I found was opposite the Dove Park (yellow front). On the board outside it clearly stated 1.11. Wow I thought..... So I went inside and asked the girl what I would get for £100. She replied 106€ - I was obviously expecting her to say 111€ ! When I pointed out that the board outside said 1.11 she said that was the rate to buy BACK the pound but to buy the euro it was 1.06!!! By the time you've realised its too late - they suddenly "no speaka Ingles" and shrug their shoulders.
Be wary of this one opposite the Dove Park - the Yellow fronted one!


0 #2 Ann hayes 2017-08-21 09:26
Hi Sheila what is the rate to day? Thanks ann
-2 #1 scouse007 2013-09-23 14:20
Hi Sheila
What is the exchange rate today..?


Add comment

Security code

exchange 1155

Quote of the day

The facts, although interesting, are usually irrelevant

Latest Comments

  • Step back in time...

    Carrie-Ann Thompson 11.05.2024 16:20
    Love it xx
  • Benidorm Palace fundraiser

    Ernest Adams 29.04.2024 07:37
    Some very good shows I wish I was watching today
  • Benidorm Palace fundraiser

    Chris Pile 28.04.2024 19:33
    Brilliant show!

Cigarette Prices

  (per carton)

B&H 50.00€
Camel 47.00€
Embassy 50.00€
JPS 44.50€
L&B 48.50€
Marlboro 50.00€
Mayfair 45.00€
Silk Cut 50.00€

Tobacco 50gm x10

Golden Virginia 89.50€
Old Holborn 90€

What People Say

  • Upto date news and reports on things we have seen featured on tv

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9