If you are travelling to the UK it can be wise to bring some cash with you. – but you might want to compare the Pound to Euro exchange rates on offer before you buy. There are a few places in Ireland where you can carry out currency exchange and swap your Euros for Pounds Sterling . An Post (Post Office) seems to be a popular choice – but as you will see below – you can usually get better exchange rates elsewhere.
Exchange rates will change every day – and there has been a lot of volatility recently with Sterling exchange rates since the UK/EU referendum vote. We carried out a quick comparison of the main currency exchange companies on the same day to find out the Best Place to Buy Sterling in Ireland .
We checked how much it would cost in Euros to buy £1000 GBP Sterling cash . We compared the figures from the currency companies websites at roughly the same time on 18th January 2018. All the exchange companies we used in the comparison say they do not charge commission .
The Best Deal was At the No1 Currency Website where it would have cost you €1162.39 for £1000 GBP . You can order and pay for it online and get it delivered to your door for free. The delivery is by An Post registered post and is fully insured . (Orders under €750 cost €6 for delivery) . Minimum order is €400. The price shown is for payment by debit card, a credit card incurs 2% fee. Popular currencies such as Sterling and US Dollars should usually be delivered next day if ordered before noon. Other currencies will take 2 to 3 days. You can check their current exchange rates on the No1 Currency Website
2: At CurrencyExchange.ie they were quoting a price of €1163.60 for £1000 Sterling. You can reserve your currency online for collection and pay for it when you pick up. But- they only have 2 pick up locations in central Dublin , they do not deliver.
3: An Post were quoting a price of €1169.72 for buying £1000 Pounds.
They don’t allow online ordering, you have to go to a Post Office branch that does currency exchange . This service is only available in larger towns and cities – see here. An Post only sell Sterling and US Dollars.
4: The worst deal we found was from At ICE ( International Currency Exchange) http://www.ice-ireland.ie – it would have cost you €1205.59 for £1000 Sterling. You can reserve your currency online and then collect it and pay for it at their Dublin Airport kiosks.
There is always the option of using an ATM abroad – see here for details of ATM Charges Abroad .
We also did a recent comparison on the cost of buying US Dollars in Ireland
If you are looking for information about sending larger amounts of money abroad and international bank transfers – you should read our article on some of the Best Currency Exchange Options