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UK money changer

Discussion in 'Expat Section' started by charlyB, Nov 12, 2021.

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  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Can't blame him for not wanting to give up his secret. I'm guessing since he doesn't have an office, rent, staff or utilities to pay her can take a smaller cut. Still the question is, where is he exchanging the money at? Maybe he is washing dirty money for some organization and that's just the cost of laundering?
     
    Rye83, Nov 26, 2021
    #11
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    charlyB

    charlyB DI Senior Member

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    Bad news, i finally went to do the deal with the moneychanger guy but when he saw my twenties were the old paper ones he had to phone his boss and he would not take them.
    I ended up changing them at Lee Plaza but only got 61.8p to the £1.
    Bah humbug :greedy:
     
    charlyB, Dec 4, 2021
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  3. KINGCOLE

    KINGCOLE DI Senior Member Highly Rated Poster

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    The guy I deal with when changing spare sterling or dollars used to hang around the BPI acoss from McDonalds. Always exchanged in McDonalds. Just be aware there are fake P1000 notes in circulation.
     
    KINGCOLE, Feb 22, 2022
    #13
  4. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    just in guys*****
    1 Pound sterling equals
    70.13 Philippine peso*****:pompus:
     
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    Jack Peterson, Apr 19, 2023
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    charlyB

    charlyB DI Senior Member

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    I have no paper money left to change nowadays but as i was walking past the exchange place beside Handyman below the Robinsons in town i noticed the rate for GBP was only 58 and my currency converter app shows 73, this is such a difference i had to ask the girl at the counter why so low, she said that's the rate the "office" told her it was.
    Just out of interest i checked the USD rate and it was 55 which is in line with the app i use.
    Funny how GBP is so low, it's probably KEIR STARMERS fault :greedy:
     
    charlyB, Sep 12, 2024
    #15
  6. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    You may find that many Money changes are not conversant the the Pound sterling, In their mind everything is related to The $ so that is most likely what they are quoting
     
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    Jack Peterson, Sep 12, 2024
    #16
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