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CURRENCY, EXCHANGE, ATM, TRAVELLERS CHEQUES Q&As

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PostPosted: Aug 6th, '07, 08:25 
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Location:Albufeira, Portugal
Gender:Male
I don't know about the inside of a bank but here in Albufeira there are several ATMs which allow you to make two successive withdrawals of €200; ie €400 in all in one day.



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PostPosted: Nov 20th, '07, 12:32 
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SPENDING ABROAD:Just read an article in "Which" magazine regarding spending abroad, it states Nationwide Gold Visa, Post Office Platinum Mastercard & Thomas Cook Visa charge no foreign-exchange loading fees, wherever you use them to make any purchases. Saga Visa is free if you are in the EU but charges elsewhere. It does also state that all four of these cards are not good for borrowing so pay off your bill when you get home. All other credit cards add a charge of 2 to 3 per cent for making purchases abroad. Cheers Jayjan



PostPosted: Dec 24th, '07, 14:39 
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Location:Albufeira, Portugal
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Be aware that the going rate in Albufeira today is €1.31 - €1.32 = £1!



PostPosted: Dec 30th, '07, 10:03 
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Location:Albufeira, Portugal
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€1.30!!



PostPosted: Jan 4th, '08, 15:23 
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Location:Wales
Not sure what to do at the moment.Seeing that the rate in UK is 128 today.Is it worth it to find somewhere in Albufeira to change money for that extra 2-3 cents.



PostPosted: Jan 5th, '08, 09:13 
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Location:Albufeira, Portugal
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It's gone down even more - I have some surplus UK pounds to change today and I doubt I will get even €1.28.



PostPosted: Jan 5th, '08, 16:45 
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Location:Wales
Worth visiting if changing £500 or more in UK, is American Express.They are offering 132 no commision at the moment.Marks and Sparks only 128.5.



PostPosted: Jan 6th, '08, 10:56 
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Location:Albufeira, Portugal
Gender:Male
€1.276 = £1 it was here yesterday.



PostPosted: Jan 6th, '08, 17:53 
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Location:Worcester
The best rate we saw last week was 1.30 but as Cubsur says it was down to 1.276 when we left yesterday.
We used our Nationwide debit card for our money and got 1.359 euros for a £1.
It paid for a few extra beers :D



 Post subject: Euro exchange
PostPosted: Mar 4th, '08, 21:26 
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Hi can anyone tell me what the exchange rate for pounds to euros is in Portugal, the rate in the UK is rubbish at the moment



 Post subject: Re: Euro exchange
PostPosted: Mar 5th, '08, 09:04 
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Location:Albufeira, Portugal
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Rubbish here as well - €1.26 = £1



PostPosted: Apr 9th, '08, 06:55 
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Location:Albufeira, Portugal
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Exchange rate update - Monday it was €1.206 in the change shops down town. It was too wet to venture forth yesterday but if anything it will be even lower now.



PostPosted: Apr 22nd, '08, 10:07 
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At the weekend the rate in the cambios was 1.19 At the ATMs it was 1.26.



PostPosted: Apr 23rd, '08, 08:36 
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Location:Albufeira, Portugal
Gender:Male
Yesterday it was €1.183 to £1 in the exchange shops.



PostPosted: May 4th, '08, 13:15 
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Posts:20
Hi

Do people still use travellers cheques these days? If so how easy (and/or expensive) are they to cash?

I am reluctant to use ATMs (not sure why really!).

Thanks

Lisa



PostPosted: May 4th, '08, 13:23 
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Lots of exchanges charge commission for changing travellers cheques.Some also give you a lower exchange rate than if you used cash. If you do use the ATMs check the machine first to see if anything as been added on the front face,which they use for cloning cards.



PostPosted: May 6th, '08, 07:35 
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Location:Albufeira, Portugal
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Exchange rate yesterday in the change shops of Albufeira was €1.217 = £1. €1 therefore just over 82p.

That is a couple of cents better than a few days ago.



PostPosted: May 6th, '08, 10:12 
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Thanks for keeping us updatee Cubsur. :)
(Hopefully the rate is on the up now....)



 Post subject: Exchange rates
PostPosted: Jun 17th, '08, 11:52 
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Hi guys. I am from the London area and am heading to Albufeira next week which I am really excited about. I was just wondering if anyone who goes lots has any tips on where to exchange my money. I normally do it at the Airport but have become aware recently that better rates are available elsewhere which seem to make the Airports ones look bad.



 Post subject: Re: Exchange rates
PostPosted: Jun 17th, '08, 16:08 
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The Post Office & Marks & Spencer are giving the highest rates at the moment. The airport exchanges are a rip off and I wouldnt touch them with a barge pole. The rates in the resorts dont seem to be as good as the UK at the moment.



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