[repsilat]

You're right, that's not good. I imagine it would get better if people started doing things like that in higher volumes, but that's a bit of a Catch 22.

Until then, there are a couple of mitigating factors:

- You may not get the market rate from anyone. The UK post office is only giving me a rate of 1.2260 to the Euro.

- If you need to pay a fee for a transfer it could be worthwhile for small amounts. The UK post office doesn't charge a fee, but it has a min transfer of £250. www.tranzfers.com charges £7 or $15AU. I've paid more elsewhere.