San Stefanos Online ~ North West Corfu

Welcome to San Stefanos (NW Corfu) => San Stefanos news and views => Topic started by: Tredegar Boy on June 11, 2014, 04:09:37 PM

Title: Local exchange rate as of today
Post by: Tredegar Boy on June 11, 2014, 04:09:37 PM
TravelFX are offering 1.22e to the £ as of today which may or may not increase a little as the £ continues to rise against the Euro. My question is what's the rate in San Stef at present pre the 2% commission reduction?

I'm travelling in 4 weeks but looking at purchasing some extra euro's this week if the rate isn't as competative as TravelFX.

Much appreciated.
Title: Re: Local exchange rate as of today
Post by: Waspman on June 11, 2014, 04:15:40 PM
Exactly one month ago it was 1.18 (so 1.156 after the dreaded 2% commission) in Ag Stef, according to SS Travel, I can't see that it will have improved much.

Get your euros before you travel, except if you want to keep the extra money in the village.
Title: Re: Local exchange rate as of today
Post by: Tredegar Boy on June 11, 2014, 04:18:03 PM
Good point Waspman. Getting more euros here means I have more to spend over there.

I'll think I'll go for it.
Title: Re: Local exchange rate as of today
Post by: D@G on June 11, 2014, 05:53:28 PM
Exactly one month ago it was 1.18 (so 1.156 after the dreaded 2% commission) in Ag Stef, according to SS Travel, I can't see that it will have improved much.

Get your euros before you travel, except if you want to keep the extra money in the village.

 ;D
Title: Re: Local exchange rate as of today
Post by: Waspman on June 11, 2014, 06:14:49 PM
I managed to get an exchange rate of 1.23 from an ATM using a debit card (with no commission charges) three weeks ago.
Title: Re: Local exchange rate as of today
Post by: Andy7 on June 14, 2014, 04:12:12 PM
Following rumours of a UK Interest rate rise the pound surged against the euro and I got 1.23 at Thomas Cook yesterday afternoon.

With the San Steph wedding coming up I need loads of euros so the best exchange rate for years is very welcome!

Andy
Title: Re: Local exchange rate as of today
Post by: Jimbo on June 14, 2014, 06:04:50 PM
1.2360 TravelFX today.
Title: Re: Local exchange rate as of today
Post by: Waspman on June 14, 2014, 08:34:23 PM
1.2360 TravelFX today.

I know it is Jimbo, looking very good for the supper you promised me, does this include Mrs Wasp too?

I know you said that "if you get 1.22 on your card I'll buy you supper" if I can get 1.23, or even 1.24, will you make that dinner?

I can really smell that mousaka from here, but this won't cost you much because you can pay with your new Halifax Clarity card.



Title: Re: Local exchange rate as of today
Post by: Jimbo on June 14, 2014, 10:20:58 PM
I was thinking more pie and mash at Tasty Corner...
Title: Re: Local exchange rate as of today
Post by: Waspman on June 14, 2014, 10:48:03 PM
Winners choice I think Jimbo!
Title: Re: Local exchange rate as of today
Post by: Jimbo on July 29, 2014, 11:41:57 AM
Things are not quite that simple.

I bought 10 cartons of cigarettes at Maria's, using my Clarity card. The cost was €312.

If I had used cash at the rate I bought it, this would have cost £250.60 - but Maria charges 3.5% for credit cards, so the actual cost on my statement was £255.83.

Without the additional interest I would have paid £247.60 - in which case Clarity would have won. So, clearly, next time I will pay in cash!
Title: Re: Local exchange rate as of today
Post by: benson on July 29, 2014, 04:09:04 PM
It's cash for me every time, can't be bothered with pay up front cards or best rate credit cards.

Last week I bought 3,000 euros at Thomas Cook (order on-line first) and paid £2,420 in cash (just in case my bank charged me for buying foreign currency on my debit card) 1.237 ish - best rate in years.

Then I FORGET about the rate, don't start paying for a wonderful meal at Nafsika and beating myself up because I could have saved x pence/cents by paying for it in a different way.

We get free safety deposit boxes at Margaritas so I put 600 euros in my wallet then put 300 euros in 8 envelopes and number them 1 to 8. So when we've spent the first 600 I go to my saftey deposit box and take out envelope number 8 (and so on). This way its easy to keep a check on what you are spending.

if I run out I'll just take some out on my Nationwide debit card, not the cheapest way but I dont think I'll need much more than 3,000 - I hope !!

Title: Re: Local exchange rate as of today
Post by: Teamnickos on July 29, 2014, 04:17:13 PM
Agree, we only take cash, but people should be aware that travel insurance will have a very low limit on cash.

Hope the cigs last the rest of your holiday Jimbo ;D 
Title: Re: Local exchange rate as of today
Post by: Waspman on July 29, 2014, 04:53:27 PM
Things are not quite that simple.

I bought 10 cartons of cigarettes at Maria's, using my Clarity card. The cost was €312.

If I had used cash at the rate I bought it, this would have cost £250.60 - but Maria charges 3.5% for credit cards, so the actual cost on my statement was £255.83.

Without the additional interest I would have paid £247.60 - in which case Clarity would have won. So, clearly, next time I will pay in cash!

Yes, I know Maria charges commission on credit cards but it is 2% not 3.5%.

Even with a 2% commission I still got a reasonable exchange rate in Peli & Maria's shop (I also bought tobacco, not for me), couldn't resist her smile.

My purchase at Peli & Maria's was 1.26 minus 2% = 1.23 (which is better than the exchange rate in Ag Stef, after they've taken 2% commission)

As you probably know I was getting 1.26 on the majority of my purchases (tavernas mainly) using "no commission credit cards"

Revise your sums again Jimbo, using the correct commission of 2% I think you'll find that the Halifax Clarity Card was still better than paying cash at the rate you bought it in the UK (1.21 as I remember)

I suspect you didn't use the Clarity card much as you were staying at the Nafsika on half board but if ever go b&b it will serve you well when you eat out.

I've always found that it's best to use these cards only in places that do not charge commission and never in an ATM. Of course we all know that a few tavernas don't accept credit cards.

The other alternative for you Jimbo is to give up the "weed" then you can save shed loads, no, let's not start that one again!
Title: Re: Local exchange rate as of today
Post by: Jimbo on July 29, 2014, 06:37:46 PM
Sorry George. It was 3.5%
Title: Re: Local exchange rate as of today
Post by: Dupnica on July 29, 2014, 06:41:00 PM
 What brand of cigarettes did you buy for that price seems rather cheap for 10 cartons,usually pay 38 euros for 1 carton.
Title: Re: Local exchange rate as of today
Post by: Waspman on July 29, 2014, 06:56:00 PM
Sorry George. It was 3.5%

Sorry Jim it is 2% straight from the horses mouth. Ask her when you go in September or contact her, as I did today.
Title: Re: Local exchange rate as of today
Post by: gillie on July 29, 2014, 07:33:24 PM
They are Greek cigs GR Aspro - v. low tar and nicotine and a lot cheaper than English ones. You can get even cheaper ones but not easy to get low tar.
Title: Re: Local exchange rate as of today
Post by: Dupnica on July 29, 2014, 10:11:56 PM
Sorry Jim it is 2% straight from the horses mouth. Ask her when you go in September or contact her, as I did today.
"Straight from the horses mouth" that's not very complimentary.
Title: Re: Local exchange rate as of today
Post by: Waspman on July 29, 2014, 11:18:21 PM
"Straight from the horses mouth" that's not very complimentary.

Figure of speech only Dupnica, famous saying meaning from the highest authority, not meant to be Maria of course.
Title: Re: Local exchange rate as of today
Post by: Gavlah1973 on July 30, 2014, 12:22:25 AM
Neigh
Title: Re: Local exchange rate as of today
Post by: rilo57 on July 30, 2014, 01:09:52 AM
 Very happy we dont have to be worried about best rate etc,we usually take €1,000 cash for paying accomodation ,whats left for day to day living.when we need more just visit cash machine.no charge.
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 01:15:10 AM
Interesting rilo57, what card do you have with no charges at the ATM?
Title: Re: Local exchange rate as of today
Post by: Jimbo on July 30, 2014, 01:47:01 AM
Rilo's in the Eurozone, so no charges apply.
Title: Re: Local exchange rate as of today
Post by: rilo57 on July 30, 2014, 01:59:42 AM
Yammmas.   Yep lucky in that way..banks are so different here,no rip off charges,friendly service.
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 11:11:50 AM
Found out about Maria's commission charges yet Jimbo?
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 11:13:01 AM
Rilo's in the Eurozone, so no charges apply.

Didn't know where Rilo was from!
Title: Re: Local exchange rate as of today
Post by: Jimbo on July 30, 2014, 12:11:13 PM
Quote
Found out about Maria's commission charges yet Jimbo?

Maria said 3.5 but maybe she was counting out loud. It was 2%. There were a few cheap pens on the bill.

If I had used the cash I bought for 1.2425 the cigs would have cost £251.10
I actually paid (for the cigs) £252.38

Consequently, using the Clarity card instead of dosh cost me £1.28
As I performed this operation twice, the additional cost totalled a massive £2.56 - or an entire bottle of Mythos!!!!
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 12:17:47 PM
Thought you said you got your euros back in UK at 1.21 rate?
Title: Re: Local exchange rate as of today
Post by: Jimbo on July 30, 2014, 02:09:40 PM
Got some the week we left.
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 04:44:45 PM
Got some the week we left.

Ah that explains it
Title: Re: Local exchange rate as of today
Post by: rilo57 on July 30, 2014, 07:44:55 PM
 Hi waspman.Im english but live in Belgium.....
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 07:49:50 PM
That's different then Rilo, is it cheaper to fly from there and do you book a package or private?
Title: Re: Local exchange rate as of today
Post by: rilo57 on July 30, 2014, 09:17:21 PM
 Hi.we travel private,but dont have the same choice of air companys as in the UK. We have ryanair to Corfu.Then its jet air( thomsons) or thomas cook...The air fares where stupid this year,we canceled our normal visit at pelie & marias end of july coz of flight costs.Almost €1,000  for 2 adults.so now we come end of august for €400.but stay at jasmine as pelie was full.  You dont find self catering accomodation in Belgian travel accomodation.lucky i know of SS from when i lived in Uk..
Title: Re: Local exchange rate as of today
Post by: Jaxbubbles on July 30, 2014, 10:02:58 PM
Waspman. Can u tell why I shouldn't use my clarity card at the cash machine please.
Title: Re: Local exchange rate as of today
Post by: Waspman on July 30, 2014, 11:25:48 PM
Waspman. Can u tell why I shouldn't use my clarity card at the cash machine please.

Jaxbubbles, you certainly can use your Halifax Clarity Card at an ATM overseas, there are no withdrawal fees as there is with most other credit cards, however when withdrawing from an overseas ATM you will pay interest from the day the cash is withdrawn, even if you pay off the balance in full, the rate is relatively low at about 12.9% I believe.

Use it abroad at tavernas, bars, supermarkets, anywhere that accepts them and you will get the best exchange rate available without exception, it is the best card available at present.

Congratulations on choosing this card, you are in a minority (including me) on this forum.