Using euros to buy dollars?

jackwhite

Hi,
I'm new so I apologise if this question has been asked before (I couldn't see it).

I returned from a trip to Italy with 400 Euros. In September I am going to America - what is the best thing to do with the Euros?
Is it:
1. take them back to M&S where I got them and change back to UK pounds, then in Sept change them into dollars?

2. take them to America and buy dollars with them?

3. see if anywhere in the UK will exchange Euros for dollars (and if this is the best option, where can I do that?)

or 4. something else entirely?

Any advice would be greatly appreciated,
Susan

glenderg

Or have another little trip to somewhere they use Euros.

You only live once.

dzug1

2 is likely to be the best option

Or sell them to a friend at an advantageous rate (preferably for both of you) and use the ££ as you think fit.

1 will entail two lots of exchange charges, 3 isn't possible (if you find anyone to do it they'll just hide the double fees - you'll still pay them)

photome

2 wouldnt be a very viable option either I dont think or at least would not be a favourable exchange rate

I am with the sell to a friend suggestion

jackwhite

Nice idea...maybe next year!

photome

jackwhite wrote: »

Nice idea...maybe next year!

Maybe next year for what? you can sell to a friend anytime

becoddy

dzug1 wrote: »

2 is likely to be the best option

Or sell them to a friend at an advantageous rate (preferably for both of you) and use the ££ as you think fit.

1 will entail two lots of exchange charges, 3 isn't possible (if you find anyone to do it they'll just hide the double fees - you'll still pay them)

Option 3 is most definately possible and you will not ge double fee's it will just be a case of getting a different exchange rate for example when we buy Euro's we know the rate will be for example 1.1547 etc but when you do a cross currency deal like buying USD with Eur you just get the cross currency rate, you are not getting double fee's

The answer to this actually depends on the markets, if GBP is particuarly strong then it may be best to do a cross currency as the rate for this could be better but in no way would you get double fee's?

davetrousers

Can we assume that seeing as this thread is from July last year that that this matter has been and gone?

TRRER

its pretty simple that the best way is to save the euros till he can spend them

dzug1

becoddy wrote: »

Option 3 is most definately possible and you will not ge double fee's it will just be a case of getting a different exchange rate for example when we buy Euro's we know the rate will be for example 1.1547 etc but when you do a cross currency deal like buying USD with Eur you just get the cross currency rate, you are not getting double fee's

The answer to this actually depends on the markets, if GBP is particuarly strong then it may be best to do a cross currency as the rate for this could be better but in no way would you get double fee's?

OK so which retail UK BdeC actually operates with cross currency rates? In reality, not in theory.


There may be one - but I don't know of any