US ($) Currency Thread 2

jen_br

Sorry OT a bit, how did you get a citibank account in the states you need to provide US details no?

Sabre- a more interesting time will be aug where if they can't decide on their budget they will bounce some of their debt. surely that will make the dollar DROP!

sabretoothtigger

Citibank let you operate an account here in dollars. They sent a letter to me recently about changes but I dont use it so dont exactly remember except they wont charge me
I would not expect a fixed charge, obviously you pay something for conversion

Citi owned EGG till recently


Credit rating is subject to how much they cut the deficit apparently. Obama wants to spend but he has no money left!
The exchange rate will move ahead of any actual details, markets always try to guess

jen_br

thanks for that I frequent to the homeland and get stung on charges constantly be nice to have a USD account!

Voyager2002

FluffyFiFi wrote: »

I've just opened a Citibank $ account so I can withdraw money when I'm there next month, does anyone know if they charge when you put £ into the account? I haven't got the paperwork through yet and I can't see anything on the website that tells me this.

I always used my Nationwide FlexAccount to withdraw cash but it looks like that will work out quite expensive now and I don't want to take lots of cash with me so the Citibank Account looked good.

I assume that you opened a sterling account with Citibank (UK) to run alongside the US dollar account. If so, you pay into the sterling account just as you would for any other bank account, and then you can do an on-line transfer to exchange pounds in the one account for dollars in the other. No fees, all done in seconds, and a reasonable exchange rate, but it can be beaten. If you have a little more time then open an account with a currency broker such as xe,com. They will take payment in sterling from a UK account (via ETF and in return transfer dollars to a dollar account. It takes a few days but their exchange rate is even better than Citi, and there are no fees.

FluffyFiFi

Thanks Voyager, I will have a look at that as we aren't away until the end of August. I've only opened the $ current account so you are saying I need to open a £ account too. Thanks again.

gillh001

Hi
I'm new to this forum so apolgies if this has been covered.

I'm going to the US at the end of August on holiday. I'm due to buy my dollars in the next few weeks.
Do you recommend buying them now or should I wait til after the US debt crisis deadline of 2nd August?
Not sure if the rate will be better or worse if I wait.

Thanks

sabretoothtigger

Usually the market over anticipates the effects of any event. Its very hard to say but if do half and half you will get some benefit either way

sabretoothtigger wrote: »

1.6301

July 21, 2011 11:01 ET (15:01 GMT)
Weekly target would be 1.646 though that seems very optimistic, normally it should pull back first and dispel any doubts, etc

In about a week its gained 5 cents

Rate rose 0.9% today. It will be at target very soon it seems like.

1.641 now

jen_br

It always does after I return from holidays lol shoot!

sscrabble

did not get a reply from anyone so trying again !!

Would the most economical way to change money in the USA (Vegas) be to take pounds and change at a booth there ? - my thinking being that if I change money and have lots left over I have to change it back and lose both ways , so if I change it as I need it i would be better off even if I lose a couple of cents on the pound at the booth ?

luci

Booth, which booth do you mean? Do you mean the cashier's cage in the casinos?

If so, the rate vary widely between casinos.