It’s the most asked question on Facebook, email, or anywhere else where readers connect with us. Especially since Brexit, and with the Pound falling steadily.
There are a large number of booze / cigarette / electrical shops on the island that offer money exchange as a sideline. Most display a rate outside the shop, and then claim that’s the rate for travellers cheques, before offering a cent less for cash.
The trouble is, the market is so volatile at the moment, that the rate is changing several times a day.
And all that means we can’t keep up with the latest rate being offered in the resorts.
So here’s an easy rule of thumb that will give you a pretty good guide as to what rate is being offered at this very moment.
Check the current Interbank Rate online and subtract 2 cents.
