The independent travel money survey was completed on May 11th by Simon Calder a highly respected Travel journalist. Simon is Senior Travel Editor for The Independent, writing a weekly column as well as articles and features. He also writes for Conde Nast Traveller, High Life (BA’s inflight magazine) and Travel Trade Gazette, as well as many other publications.
Simon is regularly interviewed on TV about travel stories and events. He is a frequent guest on BBC Breakfast News, Daybreak, ITV News and, Sky News. He is also the presenter of Fast Track’s Travel Clinic with Simon Calder on BBC World, where he answers holiday questions from viewers.
He was responding to the frequently asked question of "How do I get the best rate?" and stated "Shop around, of course – but with confusing policies on commission charges, make sure you ask the right question when shopping around for foreign exchange: "How much will you charge me for €500?".
When Simon Calder did that on the afternoon 11th May, this is what happened (the figures are the rounded number of pounds he was asked for in order to walk away with €500)
Best Price on the High Street for €500 was:
£406 Eurochange (Bayswater)
£407 Thomas Exchange (online)
£410 ICE online
£412 Thomas Exchange Bureau de Change (Hammersmith)
£412 Thomas Cook (High Street)
£412 Post Office (bought online)
£417 Marks & Spencer (High Street)
£423 Lloyd’s Bank (High Street)
£435 Post Office (High Street)
£444 American Express at Edinburgh Airport
£462 Thomas Cook at Manchester airport
£468 ICE at St Pancras Eurostar terminal
To find out more you can visit Simon Calder’s website at www.simoncalder.co.uk