US ($) Currency Thread 1 (closed - use thread 2)

willbar

Blink_Eden wrote: »

Depending on who you listen to, some people think that Sterling could fall another 10%, but bearing in mind that Sterling is at a 7 year low, now would be a good time to sell.

Can't advise who to sell to though, I always spend my currency. I think some people may even sell it on e-bay as you may get a better rate that way, but it always struck me as a dodgy way to sell cash.

Hi Blink

Thanks for your advice - I'm not too sure about ebay to sell cash either. I Think I will try the internet to see who buy currency.

inspector_monkfish

we're really flying higher now

off the low of 1.37, and up to 1.3830 woohoo...:beer:

jinkssick

Wow. 1.3652 at 5.13pm

gordylad

Travelex showing a buy rate of 1.34........

keepermatt

Going to america in april thinking of getting my dollars with "crown currency exchange" can anyone reccomend this company,is it safe,will i get my dollars when they say,is it goverend by anyone.

vegasvisitor

I have used Crown, and also Travel Money Services who are connected to them. Got my dollars fine both times.

Not sure if anyone can vouch for their future. I'm supposing they know what they're doing when setting the rates and they won't be out of pocket...but I also suppose they aren't doing as much business just now.

inspector_monkfish

Pound to be discussed at next G7 meeting (from Reuters news):


http://www.reuters.com/article/companyNewsAndPR/idUSLL7061320090121

Blink_Eden

inspector_monkfish wrote: »

Pound to be discussed at next G7 meeting (from Reuters news):


http://www.reuters.com/article/companyNewsAndPR/idUSLL7061320090121

Does that mean there might be some sort of "intervention" to help support the pound? Can the G7 do that?

Blink_Eden

I can't get my head around the Maths of this, so maybe someone can help...

Mrs Blink is Italian, so she could get her family to convert Euro to Dollar. The rate is about $1.30/€.

Doing £>€ and then €>$ seems to give me a rate of about 1.378, compared with about 1.376 when doing £>$, suggesting that there isn't much difference. Have I got that right? (We are only looking at changing about £1000 tops

inspector_monkfish

Blink_Eden wrote: »

Does that mean there might be some sort of "intervention" to help support the pound? Can the G7 do that?

God knows!
Just the fact that they have deemed it important enough to discuss saw it rally upto 1.40 overnight, but didn't last long though as we are now back down to 1.37 again !:rolleyes: