Bulgaria Ski discussion board

Exchange Rate

munster Author:ANDY DUNSTER posts : 2   (Beginner)Date : 12-18-08 16:59

Exchange Rate

We are going out to Borovets on Boxing day, if I want to change pounds to levs commision free through my bank I have to ring them tomorrow to get a delivery monday

Only problem is they are offering 1.85 lev to the pound which scared the living daylights out of me.

What do the rest of you do?
The donkeywalloper Author: posts : 13   (Beginner)Date : 12-18-08 17:15

re: Exchange Rate

Dont get caught in the trap of commisiion free. The post office tried this ( still do) with marketing about no comission.

yes, technically correct that you pay no comission, however the rate at which they "sell" levs to you will invariably be worse than a bank that charges a comission rate.

At the minute you are in a quandry. With the pathetic performance against the euro, the number of levs to the pound is gradually going to decline. The fact you are not going to next doesnt give you ...
Dont get caught in the trap of commisiion free. The post office tried this ( still do) with marketing about no comission.

yes, technically correct that you pay no comission, however the rate at which they "sell" levs to you will invariably be worse than a bank that charges a comission rate.

At the minute you are in a quandry. With the pathetic performance against the euro, the number of levs to the pound is gradually going to decline. The fact you are not going to next doesnt give you much time to hedge your bets. I would bet that the rate you get out there will be better than 1.85 if you shop around.

Personally if i was going next week, i would change £20 to have a few levs when i get there and look to exchange the rest out there.

On the other hand if i was going jan-feb i would change now (if affordable) as the pound will continue to get its ass kicked in jan further reducing the rate

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arron Author: posts : 13   (Beginner)Date : 12-18-08 17:22

re: Exchange Rate

Marks and Spencers usually best rates here. Nationwide flex account when there. No charges and better rates. I got my Euros last week for my three trips. It's a gamble I am willing to take
The donkeywalloper Author: posts : 13   (Beginner)Date : 12-18-08 17:43

re: Exchange Rate

Good decision aaron. Your gamble will pay off. Now what are you going to do with those extra levs ?