50 days until holiday, and due to the wonderfull* exchange rates, I'm looking at sorting out my Vegas spending money.

However, I'm slightly upset by the exchange rates offered by the high street. I'm not entirely sure how these things work, but casually glancing over Lunn Polys' shop window posters indicates that due to their "100% commision free" currency exchange, this may be the way to go. Before I hand over my moderately hard earned cash, I take a quick shufty at the market rates.

According to the BBCs currency market data, the mighty sterling pound currently buys you 1.83775 George Washintons. The dollar has floated around 1.83-1.84 for the past 4 months. It rose from 1.76 at the beginning of May, and since May 24th, hasn't been lower than 1.82.

What's Lunn Poly's exchange rate? 1.745770.

Now, that's a hell of a difference, especially when looking to exchange a couple of grand.

So, I think the first plan is to check out certain banks and other currency change facilities to see if this is standard across the board (i.e we give you 0.10 less than the exchange rate as a way to make money) or if this is simply how certain bodies get around the 'no commision' promotion.

I think at least I shall enquire into where they get their exchange rates from, and why they are so low.

Cheers
Pb



* Well, wonderfull if you don't live in the US.