End of weekend conversion rate overhead


#1

I we needto convert currency on weekends, there is a small overhead to the conversion rate.
Isn’t it viable to just use friday’s conversion rate on weekends?

During my last stay in London, I was completly aware of that overhead, but i forgot to convert from EUR to GBP for the weekend, so i ended up by slightly overpaying on my payments during the weekend (which i must say still turns out to be more advantageous than using my bank card)


#2

Hi there!

The slight markup on Fridays closing is applied to protect from fluctuations that may occur.


#3

If you look at the historical data for GBP/EUR/USD fx you will notice that the opening rates on Mondays could well be out by more than 0.5% especially where some bad news cropped up over weekend.

Just make sure you do not forget to exchange on a weekday the next time round:)