Gbp Cash Into Euro Bank ...google Exchange Gives More...why ?

pumpjack | 15:12 Wed 12th Dec 2018 | Business & Finance

4 Answers

i transfer £6000 into my irish bank yesterday,
before i traveled to eire and leave cash in i use google currency exchange, i type in gbp to euro which gave me yesterday approx euro 6660.....but by the time i went to bank in eire i gave over the cash and only got euro 6450
WHAT THE........ !!!!!

why was this ?

Inflation Calculation

Level Pension Or Index-Linked?

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TheChair

Because it was revealed that the people who were supposed to be running the country were too having an internecine war. The value of the pound plummeted.

ToraToraTora

yep, as above it's moves all the time. There are also variations depending on the source of the xchange. Is the google currency exchange the same service as the "bank in Eire" ? eg quite often you can get a better rate just using a cashpoint.

pumpjack

Question Author

but i ny done a google exchange rate search about 1 hour beforehand, markets could not be that volatile

ToraToraTora

an hour? PMSL! that's a life time in currency trading! There are millions of deals a second worldwide. The price can move by units of 1000ths of a cent/penny depending on the currency subdivision and relative comparison. Not usually so pronounced as your example but really mate they are never still.

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