2007-02-04 01:08:30 · 6 answers · asked by Jack 2 in Business & Finance ➔ Other - Business & Finance
Ahem, different.
2007-02-04 01:08:51 · update #1
Yes there is a tourist rate and a commercial rate. If you look in the financial pages of newspapers, such as the Daily Telegraph, you will see both rates listed side by side in their financial section.
The commercial rate is the better one but for the relitively small amount that the average tourist changes to cover holiday expenses the difference does not amount to much. However, if you were to change £1000's it would make a big difference.
2007-02-04 01:32:32 · answer #1 · answered by troublescat 2 · 0⤊ 0⤋
Yes this is true.
We are a business and are quoted different rates according to how much we convert.
Watch out on the tourist rates too, these change from one dealer to another. Hotel rates tend to be poor.
2007-02-04 01:19:11 · answer #2 · answered by David P 7 · 0⤊ 0⤋
yes, businesses often have better commercial rates, because they are changing more money and more frequently. Tourist rates really are different because the transactions tend to be of smaller and more frequent quantities, involving more paperwork, whereas businesses change large sums over.
2007-02-04 01:17:38 · answer #3 · answered by gorgeousfluffpot 5 · 0⤊ 0⤋
I thought the exhange rate is the exhange rate for everyone regardless of why they're spending money in another country. How unfair if it is true!
2007-02-04 01:11:41 · answer #4 · answered by Minky 2 · 0⤊ 0⤋
Yes your mother is correct,And there is a big difference.
2007-02-04 01:11:29 · answer #5 · answered by taxed till i die,and then some. 7 · 0⤊ 0⤋
yes and its relative
2007-02-04 01:11:02 · answer #6 · answered by farshadowman 3 · 0⤊ 0⤋