Post Office exchange rates compared 2019

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We take a look at the Post Office exchange rates and compare them to what’s available on Compare Holiday Money.

It’s probably fair to say that the Post Office has more locations to exchange your hard earned pound sterling for foreign currency than just about anywhere else. We have no less than 10,475 locations for the Post Office on our click and collect section; what a job that was! They have over 70 currencies available to order online or collect at 11,500 branches across the UK.

But how do the PO exchange rates stack up against the opposition?

Firstly, there are 3 options for converting some of your hard earned salary into foreign cash with the Post Office:

Order online for home delivery

This will usually give you the best rate but of course you do have to wait for it to be delivered, although next day delivery is an option so you don’t have to wait too long.

Order online for collection

You should get the same rate as you see online. In some cases for Euros and US dollars your order could be ready in as little as 2 hours from 3500 branches. More notice is needed for less popular currencies so bear that in mind if you are lucky enough to want Mauritian rupees for example.

Just walk in and buy it

Great, no waiting and no chance of it getting lost by Royal Mail and no delivery charges! You can just pop in while you are shopping – but, and it’s a big but, the chances are you will get a much worse rate and, if it’s not euros or US dollars you want they may not have it in stock.

Remember the motto: Order online to get the online rate.

For the purpose of this article we are looking at the online rates and all taken at the same time on the same day. We chose £750 which is our default amount, of 5 popular currencies over the last 30 days*


Best rate: Travel FX 1.1149 (£750.00 = €859.43)

Worst Rate:  Barclays Bank 1.0946 (€820.95)

Post Office rate: 1.1378 (€853.35)

Not bad from the Post Office on the most competitive currency at the most competitive amount. For £750 you would get slightly more (€6) with Travel FX than the Post Office but a staggering €33 more than Barclays.

US dollars

Best rate: Currency Online Group 1.2805 (£750 = $960.38)

Worst Rate: Barclays 1.2308  ($923.10)

Post Office rate: 1.2699 = ($952.43)

OK, 8 bucks less than the best $31 more than the worst so again this is a competitive rate so you would only be pastrami bagel at JFK airport worse off .

Australian dollars


Best rate: Currency Online Group 1.8098 = AU$1357.35

Worst Rate: Barclays 1.7264 = AU$1.294.80

Post Office rate: 1.7815 = AU$1.336.13

Not bad again from the P.O. Sitting mid-table between the supermarkets and you can’t take your parcels to them!

Czech koruna

Best rate: Travel FX 29.2064 = Kč21,904

Worst Rate: NatWest 26.8376 = Kč19,747

Post Office rate: 27.1305 = Kč20.347

Polish zloty

Best rate: Travel FX 4.8758 = zł3656.85

Worst Rate:  RBS 4.4900 = zł3367.50

Post Office rate: 4.6857 = zł3514.28

OK so not the worst rates on the last two from the Post Office but slightly off the best .

So as we can see the Post Office rates are not the worst and in some cases quite competitive but in others like the last 2 not in the top 10.  The high street banks sit consistently at the bottom of our tables for exchange rates and the Post Office offer far better rates than them with more locations. They were the 7th most visited FX supplier on our website in the last month so lots of you still trust the brand and of course, who hasn’t got one on their doorstep?

It’s also worth pointing out that the Post Office do have tiered rates. We show their rates for £750.00 but if you order more you will get even better rates. They also have regular flash sales on popular currencies so it’s worth looking out for those in the Compare Holiday Money newsletter and on the Post Office travel money website.

*All rates taken from the published online rates for each supplier at the same time on the same day. Rates will vary and live, up to date rates can be found on the website.

Posted by Graham Morley

Graham Morley

Graham is the Business Development Manager for Compare Holiday Money.


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