Marks and Spencers (M&S) Exchange Rates
If you likes to frequent Marks and Spencers, you will realise 2 things regarding the exchange rate policy of this company when shopping.
Firstly, the price tags of products are mostly quoted in Euro or the Great Britain Pound (GBP). However, the price in local currency is almost always higher than what you would get from a direct conversion of Euro, GBP to your local currency, using the current exchange rates.
Secondly, if you will like to convert any currency in the store, the exchange rate quoted is almost always worse off than what you would had gotten from most other money changes.
The currency exchange trend is observed by many around the world who frequents Marks and Spencers. And the explanation?
This is probably due to the fact that Marks and Spencers is a global company and by being much more conservative in their exchange rates policy, they can hedge against their revenue against currency fluctuations. Of course, this also means more profit for the company. Not something you can really complain about, as you decide if the item you want to buy is worth the cost to you.
One alternative is to buy online. Products are quoted in GBP and if there is any depreciation of the GBP against your local currency, it is a good time to make a purchase from Marks and Spencers online.
