Holiday Complaints

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Most foreign exhange bureaus do the same. That is they will sell you their quoted rate, unless you mention you can get a higher rate elsewhere then rather than lose your business they will match.

Sadly its like most things like buying say an electrical item, ask for a discount and you might get it, don't ask and you wont. Same with holidays, some people will ask for price match, others don't and accept the first price offered.
That happens all the time with all money exchanges, somedays one will have a higher rate and on other days it will be the opposite way round, that is the way it works, nothing dishonest about it.

It is just the same as booking a holiday or for that matter a car or large electrical item, shop around and get the best rate and ask for it to be matched if necessary.
Thomson travel agents (formerly Lunn Poly) can offer a very good rate (sometimes 1.50 or even 1.52) as long as you have your Euros loaded onto one of their American Express Travellers Cards which is pretty much the 'new travellers cheques'. The only snag with this is you have to do it a good 7-10 working days before you go away because the card and PIN number have to be sent to your home address. I was offered 750 Euros for £495 (exchange rate 1.51) this summer, but I couldn't do it because I'd booked the holiday last minute and wouldn't have had time to get the card in the post. Look out for their deals in the window.
Sorry but I dont agree that it happens all the the time, because I know it
normally between these two shops.
The reason I was annoyed is because I use these two particular shops for my foreign currency 3-4 times a year and the rate has always been identical or as near as dammit between the two, obviously because they are next to each other on the High St, but this is the first time Thomas Cook didnt display their rates in the window.
I am well aware it happens in most aspects of life, but other people might not be!
As sugerbabe says most places will match a quoted rate. Any time I buy Euros, I check the rate on-line, and then see if any exchange shops will match it. Mostly they do.
I don't see that Thomas Cook have done anything dishonest, after all you didn't have to buy from them you could have gone back to the CO-OP for the higher rate.
i have worked in a foriegn exchange bureau before and there is massive money to be made by agencies.

if you are happy enough not to use travellers cheques then take sterling and change it abroad for a better rate.

as for the american express cheque card agencies are on big profit with them as the agencies are really the power behind the sucsess of the card at the moment. there are still problems with the card and some places are not set up to use it. it is a good idea but most agencies are making big money on them so they will offer to give you 50 quid pre loaded cards if you sign up.
Hmmm ....

Forget taking travellers cheques .... get yourself a Nationwide debit card & take the cash out of a ATM in destination country.

You get charged bankers rate (far better than the tourist rate you get from travel agent) & Nationwide don't charge you !!

I've done this a lot in Europe & USA .... never any problems.

Yes thats what I do too..............theres ATMS everywhere now! :D
Yeah its ok opening a bank account and taking a debit card but if a debit card is lost or stolen, its a lot harder to replace than travellers cheques. I work in a well know company in the foreign exchange and i would never advise anyone to just take a debit card, that would be the worst advice i could give. Its a lot better paying the commission on the travellers cheques to have them insured and for your own peace of mind!!
cant say that thomas cook has done anything wrong they didnt have to match the rate of the euro but also i do no that they dont put the rate of the euro and us dollar in there windows as they are the most popular currencys and they like to get people in and then try to sell up saying they only have certain denominations-i used to work there
I always take T/Cheques along with other then have peace of mind regards loss or theft..

You can shop around and get them commission free.. but even paying comm,
it's worth it for the replacement factor.

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