Unfair trading

September 6th, 2004

The Euro is such a benefit for those of us who frequently travel around the continent… I understand some countries have special affection to their past and want to keep their own currency. No problem so far.

What I do not understand is why on Earth some entities insist on making unfair profit from something as simple as currency exchange. This is especially true in England, where my bank’s currency exchange commission is as high as 2.75%. To illustrate this, for every 100€ I send from my bank account in Spain the bank here in the UK keeps almost 3€, not including the fees for receiving an international order (ha!).

I have never seen such astronomical fees anywhere in the continent. My bank in Spain charges nothing for sending Euro transfers to any country in the EU. And 0.2% for currency exchange. Yeah, that’s ten times less than the equivalent in the UK. Amazing.

Basically, some banks here in the UK charge you for breathing.

Now listening… Estopa – Luna lunera

2 Comments Add your own

  • 1. Rosendo  |  September 7th, 2004 at 19:12

    Que querias…..la isla es la isla y por lo tanto.. a pagar.
    Bueno fuera de bromas, espero que eso no sea demasiado problema, porque para eso siempre está el mercado negro, etc….
    Me acordé de ti leyendo sobre python:
    http://www.python.org/Jobs.html

    Hay algunos, lo que pasa que salieron en agosto,..ooooopssss!.

    Bueno no me enrrollo más.
    Sorry for the non-spanish readers, it’s a bit complex to me write in english without great wrong! :-( .
    Perhaps the next message.

    Bye!

  • 2. Oscar  |  September 12th, 2004 at 19:48

    Hey Rosendo!!!

    Pues si, la isla esta es un fastidio muchas veces. No te creas que he descartado lo del mercado negro, jeje.

    Oye, gracias por el link. Veo que sigues haciendo publicidad de python allá donde vas :)

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