What to do with left over US Dollars?

RonnieStokie

I've got some Dollars lying about from my holiday to America, i was wondering where to exchange them offline/online to get the best rate?

Cheers

Baldur

Try the 'buy back' option here - http://travelmoney.moneysavingexpert.com/buy-back/

DavidHayton

Best way is to sell them to somebody that is going to the US.

Ask around your family and friends; maybe post or circulate a note at work. If you find somebody who wants to buy them, trade them at the middle rate: http://www.bbc.co.uk/news/business/market_data/currency/default.stm and you both win.

David

Raven

Or just hold on to them for using as tips in many countries (the next time you head off) as some places the staff like to be slipped a dollar because they can always change them when they get a few stashed away (thinking Middle East ect).



Raven

Pavel_S

Depends on how much you travel. If you see yourself going somewhere where Dollars are accepted currency (Africa, Middle East, USA!) within the next 12 months, I'd hang on to them.

Otherwise as mentioned, sell them to somebody who wants them and you'll get a far better rate than at the bank. I'll be looking to buy some dollars later for my trip to USA and it'll be far cheaper swapping pounds with someone who's got leftover USD than to buy them at a bank or post office.

jackieblack

DavidHayton wrote: »

Best way is to sell them to somebody that is going to the US.

Ask around your family and friends; maybe post or circulate a note at work. If you find somebody who wants to buy them, trade them at the middle rate: http://www.bbc.co.uk/news/business/market_data/currency/default.stm and you both win.

David

Pavel_S wrote: »

Otherwise as mentioned, sell them to somebody who wants them and you'll get a far better rate than at the bank. I'll be looking to buy some dollars later for my trip to USA and it'll be far cheaper swapping pounds with someone who's got leftover USD than to buy them at a bank or post office.

This is what I've just done.

A friend of mine came home after holidaying in Florida over Easter with just over $500 they didn't spend - her bank's buy back rate was $1.85, she bought at $1.55 so we met approximately in the middle and I've just purchased $522 (including about $5 in change that her bank wouldn't have bought back, notes only) for £305 ($1.71/£1)

She gained £20-£25, I got $35 more than I would have got from bureau de change locally