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UK Pounds to US Dollars Exchange Rate

Hi All

Myself an my girlfriend are going to america for a month in september. Most of our money will be going onto a preloaded credit card, but we will obviously take some dollars with us.

Have just looked at the exchange rate and the forecast it seems to be dropping quite quickly if I am reading it right.

Should we exhange our savings now before it gets lower? And where is the best place to do it?

Thanks
I've just started entering the competitions (July 07). When I win I'll update this signature. Look on the bright side, I shouldn't have to update it very often.

Comments

  • mcfisco
    mcfisco Posts: 1,957 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I'll get back to you ;)


    cball.jpg
  • phatbear
    phatbear Posts: 4,063 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    lawtz04 wrote: »

    Have just looked at the exchange rate and the forecast it seems to be dropping quite quickly if I am reading it right.

    The differnce between the min and max for the past month is about 2% so its not dropping quickly, also, unless you're taking $10000's 2% isnt gonna make a huge difference.

    And, as gets saidcon here often, if any of us actually knew we'd be minted
    Live each day like its your last because one day you'll be right
  • TakeThis
    TakeThis Posts: 2,909 Forumite
    Prepaid Credit Card?? Are you sure?
  • photome
    photome Posts: 16,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    TakeThis wrote: »
    Prepaid Credit Card?? Are you sure?


    I also wondered waht was meant by a preloaded credit card??
  • maemaesmummy
    maemaesmummy Posts: 2,474 Forumite
    I assume like a Fairfx card type of thing
    Bit of a Florida Fan :j
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  • lawtz04
    lawtz04 Posts: 585 Forumite
    Yes sorry - I mean like the prepaid card!
    I've just started entering the competitions (July 07). When I win I'll update this signature. Look on the bright side, I shouldn't have to update it very often.
  • BillTrac
    BillTrac Posts: 1,869 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    There is a chain of bureau de change near me who will offer you a deal where if you are going on holiday in for example two/three months you purchase your currency today. If the exchange rate goes against you they pay you todays rate. But if the rate is better/higher on the day you collect your currency that's the rate you get. I have gained a few extra euros doing it for my trip next week.

    And their exchange rates are better than the high street chains and the Post Office. About the same as Tesco.

    Possibly similar BdeC anywhere near you?
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