Changing Colombian Pesos back to Pounds Sterling in the UK??
Replies: 6 - Last Post: Oct 16, 2012 11:33 PM Last Post By: johnnybogota
Oct 9, 2012 4:38 AM
Changing Colombian Pesos back to Pounds Sterling in the UK??Hi everyone
I have had a search on here and can't find anything related to this, unless I've been searching the wrong words, so I'd really appreciate any advice.
I have 248'000 COP left over from my trip, and according to today's currency conversion that equates to about £86. I have been trying to look for somewhere to buy back my currency, but I am struggling not only to find somewhere that will actually buy back Colombian Pesos, but also offer me a decent rate (I have seen some that I would only get about £70, and £16 seems a lot of money to loose in a currency conversion).
My other problem is that because I withdrew the money from an ATM over in Colombia, so I didn't purchase from a Travel Money establishment over here, I have heard that they are unwilling to buy back the currency unless you purchased it from them in the first place.
Can anyone advise as to where I can actually change the money in the UK, without the problem of having to have bought with them initially, and that offers a decent enough rate (I probably wouldn't mind loosing out about £8, but I think £16 seems a lot for them to be making off me.
I am also having the same problem with left over Peruvian Soles (I have posted this in the Peru Forum), so if anyone can help with that too, I would be so grateful!
Thanks in advance.
Oct 9, 2012 6:53 AM
1I have the same problem - the only place in the UK I found that has Colombian Pesos was somewhere in London which I remember being really expensive and a bit shady. No where else stocks it at all. I have a similar amount of pesos sitting around the house.
Can you find someone who is going to Colombia that you can swap with, at the exchange rate? Maybe someone on this forum? It would benefit them as they can have pesos before they go to Colombia as you know it's not always easy to find a cash machine when you are there?
Oct 9, 2012 7:10 AM
2You are mistaken in your assumption that UK outfits will only buy back currency if you have bought it from in the first place - there are none that do this, although a few may offer a better rate if you have.
Having said that you may well struggle to find somewhere in London to buy Columbian. Post Office Online and Thomas Cook sell them, but don't seem to want to buy them back.
Peruvian is much easier - quite a few places deal in them
Rates will not be good though - not for volatile currencies that aren't in much demand
Oct 9, 2012 10:25 AM
Oct 9, 2012 1:24 PM
4Thanks for the tips, that coach surfing idea seems good, although logisitically not sure exactly how it would work, but will have a look into it thanks.
Actually I have had some difficulty with places like the Post Office and M&S money and they aren't prepared to buy back foreign money if it wasn't purchased with them, something about the authenticity of the money.
I have spoken to Travelex and they will buy back but at a terrible rate so I am definitely not going to bother with them.
Oct 16, 2012 5:41 AM
Oct 16, 2012 11:33 PM
6I once put an ad on Gumtree and bought up a bunch of South American currencies
Sure you can put an ad on there and sell them too
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