Foreign Currency sites where you can order months in advance.

JWB76

Hi

I was wondering if anyone could help me out with info on currecny exchange sites where you can order in advance. I am going to New York the end of June 11 and am looking at changing my money now to get a stronger rate. I was hoping ordering 3 months in advnce I might be be able to get a rate of around 1.70$ to the pound. I can't seem to find any of these kind of sites on the internet. A few years ago when I first was looking to go down this route there was a quite a few. Any tips on which are the best to use nowdays? Or is it this the collapse of Crown Currency has had a wider effect on such sites?

Thanks
James

Biggles

JWB76 wrote: »

I am going to New York the end of June 11 and am looking at changing my money now to get a stronger rate.

Do you have information nobody else on earth does about future currency movements?

apt

Yes you can still buy foreign currency in advance, but your expectation of 1,70 dollars to the pound is hardly realistic.

antenna

Crown Currency Exchange do this kind of thing................read all about it.
If you buy in advance you will be quoted a rate there and then...........you cant buy in advance and get the rate three months in advance,and why would you want to?.......you must buy when you think the rate is good...........the best advice is,buy it for immediate delivery or buy it at a bureau after checking travelmoneymax on this site, pay and collect over the counter otherwise you run the risk of losing all your money.

pelirocco

antenna wrote: »

Crown Currency Exchange do this kind of thing................read all about it.
If you buy in advance you will be quoted a rate there and then...........you cant buy in advance and get the rate three months in advance,and why would you want to?.......you must buy when you think the rate is good...........the best advice is,buy it for immediate delivery or buy it at a bureau after checking travelmoneymax on this site, pay and collect over the counter otherwise you run the risk of losing all your money.

Crown Currency DID this kind of thing , until last september when they realised they were around £17 million short when it came to paying it back......My advice? .......get your currency in your hand

dzug1

You can go to a commercial currency broker for this sort of thing - but I very much doubt they'd be interested in you with a few hundred or even thousand ££. The business arm of your bank may also do it, but only if you are a business customer who needs it commercially for a business deal - again not for the piffling sums you'd be dealing in.

Crown Currency did it on the retail market - at first sensibly (apparently anyway) but then they got greedy and eventually went bust. I'm not aware of anyone replacing them.

Your answer is to hold on to your money until it reaches your desired exchange rate and change it then. Of course it may never reach that rate in your timescales.

old_nutter

The main thing learnt after the Crown Currency crash is that no matter what anyone says, your money has no protection from any compensation funds if things go seriously wrong. So be very careful.

ERICS_MUM

I go on holiday to the USA once or twice a year and am getting fed up with travellers cheques as shops etc seem a bit reluctant to accept them.

So I've just opened a US$ current account with Citibank London which gives me a Visa debit/atm card and cheque book I can use in the US. I transferred £100 into it last week, via my natwest on-line banking and got a rate of 1.6152 to the pound from Citi. They are not on the faster payment system yet so it takes a couple of days for money to reach the account.

Their exchange rate is slightly better than the "normal" cash or travellers cheque rate. The main benefit is that the account is covered by the UK Financial Services Compensation Scheme

foreverleeds

Shop around on the High Street. Whatever anyone tells you your money IS NOT safe with internet FX Companies. A few quid less is better than loosing the lot, which is what thousands of us did when we trusted our money to CCE. No-one wants to know when they go down taking your money with them. Hand oner your pounds and come away with your dollars. At least you'll be able to sleep at night.