John R. Yamamoto-Wilson wrote:
> jwb@csse.monash.edu.au wrote:

> So, just in case anyone's wondering, HSBC isn't the place to go. My wife
> checked out the Post Office, and they will send money with a minimum of
> fuss, but the exchange rate doesn't look so good; they were offering 215
> point something yen to the pound, while Lloyds were offering 213 point
> something.
>

Do you compare rates of the very same day ? A 2 points variation is
typical of day-to-day fluctuations. To be exact you'll have to compare
rates from all sources at the same time on the same day. The Post
Office for example changes their daily rates at 11AM, and i guess most
financial institutions do the same around the same time.

Well in short, choosing the day you do the trade is likely more
important than choosing the place. Chart is here:
http://uk.finance.yahoo.com/q/bc?s=GBPJPY=X&t=3m&l=on&z=m&q=l&c=