Is it worth buying dollars now???

sarmia · 18 October 2007 at 4:10PM

Hi,

We are going to California in 2010 (long way off I know but with a little help from Tescos, should be pretty cheap and I like to be organised).... anyway is it worth buying some dollars now.

We went in 2005 and got $4100 from £2500 am I right in guessing we would get much more $ for our money now and is it worth getting £500 now and topping up when have some spare cash?? We are definately going in 2010 as I want to take our lo to Disneyland for his birthday.
Any thoughts appreciated.
Sarah x

mummytwinton · 18 October 2007 at 4:25PM

high we are planning to go to USA in 2010 as well & like you have been thinking of getting $ now but just haven't got the spare cash or would do.

looking forward to seeing what others have to say

plus also using tesco clubcard voucher towards disneyland

photome · 18 October 2007 at 4:49PM

There isnt a definitive answer. If there was we could all be rich while buying and selling currency.

You can get nearly $2 to the pound at the moment, more if you use a nationwide card while abroad (but that isnt what you are asking).

around $2 is the best it has been for years, but who knows what the future will bring?

Also not forgetting the interest your £500 will earn if left in a high interest accont for another 3 years

davetrousers · 18 October 2007 at 4:57PM

There are some online exchanges that give you very good rates of exchange if you book your currency months in advance try travelmoneyservices.

Delivery Period US Dollars
7-14 Days 2.0415
15-21 Days 2.0456
22-30 Days 2.0497
31-40 Days 2.0538
41-50 Days 2.0579
51+ Days 2.0620
January 2008 2.0661
February 2008 2.0702
March 2008 2.0743
April 2008 2.0784
May 2008 2.0826
June 2008 2.0868
July 2008 2.0910
August 2008 2.0952
September 2008 2.0994
October 2008 2.1036
November 2008 2.1078

I have no idea if they are any good or not so don't blame me.

hammy_the_hammer · 18 October 2007 at 6:53PM

i'll put it more simply.. how would you feel if you'd exchanged your £'s for $'s a few months ago when the exchange rate was $1.90 to the pound (the best it had been for years )?
as someone has already said if you could predict what will happen with currencies you would be living in a mansion earning millions a year.
as for the companies offering exchange rates in the future they are putting your money into their accounts and earning the interest from it

sarmia · 18 October 2007 at 7:35PM

Does any1 know what the current exchange rate is??? and how much I would get roughly for my £2.5k today compared to 2 years ago @ 1.66

luci · 18 October 2007 at 8:31PM

At the Interbank rate of $2.03 you would get $5075. The tourist rate at most High Street places, eg the Post Office, is $1.94 so you would get $4850.

You can order currency from www.crowncurrencyexchange.co.uk for delivery in March at $2.10. I ordered from them a few months ago for delivery in October and got $2.00.

sarmia · 19 October 2007 at 9:00AM

luci wrote: »

At the Interbank rate of $2.03 you would get $5075. The tourist rate at most High Street places, eg the Post Office, is $1.94 so you would get $4850.

You can order currency from www.crowncurrencyexchange.co.uk for delivery in March at $2.10. I ordered from them a few months ago for delivery in October and got $2.00.

Thanks Luci, I'll have look this morning, thanks

Is it worth buying dollars now???

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free