Wednesday, September 28, 2016

Monopoly of money exchange in Heathrow Airport

I love Heathrow Airport.
I enjoy the amalgam of people, the extent of product and the friendly faces in the shops.

I was in Heathrow airport on 24 September and I needed to exchange GBP into Euros and guess what were the rates?
Buy rates were 1.347
Dont forget the fees and commissions imposed.
In fact 100 GBP would have bought me less than 100 Euros...

Travelex has the Monopoly in the duty free zone and they are putting a huge margin on the forex rates.

Heathrow airport authority is requested to find solution for this monopoly. consumers are ripped off.