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

pamelab21

Murphy_The_Cat wrote: »

look on the brightside, you've only 'lost' $40, not £40.

cheer up Pamela, over the cost of your holiday, the currency fluctuation won't make much difference.

Hiya

The way I was working it out was, we were planning on taking £2000.00 worth so would have got $3940 at the 1.97 rate and now getting $3860 at the 1.93 rate, so diff would be $80 so approx £41.00?
My fault for hanging about and not doing anything :rolleyes:

Murphy_The_Cat

pamelab21 wrote: »

Hiya

The way I was working it out was, we were planning on taking £2000.00 worth so would have got $3940 at the 1.97 rate and now getting $3860 at the 1.93 rate, so diff would be $80 so approx £41.00?
My fault for hanging about and not doing anything :rolleyes:

I've gotcha now.:beer:

Don't sweat it and be chuffed that its not floating around the $1.50 mark like it was a few years ago.

pamelab21

thanks, I guess thats a better way of looking at it.
Just don't know whether to jump in now or see if it rises again.

Was also trying to keep the money offsetting against my mortgage for as long as poss but think I have lost more on the exchange rate than I have gained on the offsetting!

pamelab21

pamelab21 wrote: »

thanks, I guess thats a better way of looking at it.
Just don't know whether to jump in now or see if it rises again.

Was also trying to keep the money offsetting against my mortgage for as long as poss but think I have lost more on the exchange rate than I have gained on the offsetting!

christ its dropped to 1.92 now. i don't know what the hell to do, the more I stall the more I lose but could it climb again....arghhh :mad:

Crabman

Pamela - if you get a Nationwide Current Account (Flexaccount) it comes with a debit card which you can use in US ATM's to withdraw cash at a better rate than you'll find at any bureau de change.

This is the rate you'll get with a Nationwide Debit Card: Current VISA exchange rate

Take a look at the Spending Overseas article for full details

naranja

Check out this website: www.forecasts.org/pound.htm.

If you believe this change it now before it drops like a stone. It convinced me to change my pounds today as I don't think it will get much better.

darkit

I got idea in this forum


Thanks OP!

pamelab21

I have bitten the bullet and secured my money with Thomas Exchange Global...link through this site seemed to be best rates... fixed at 1.92 dollars for cash and 1.90 for US trav chqs. No sooner had I got the confirmation email at those rates for the next 4 days to allow me to get the money to them, I went back to check something on the website and it had dropped down to 1.90 for cash....seems to be dropping daily.
Glad I did not lose out on any more!

Ingsy

Wish I'd bought my $ before the weekend. 1.88ish now :-(

sturll

Is now $1.84 (avg) to £1.00

Hasnt that dropped! So my tip, since i am actually going to the states at the end of this month hold out until September 1st to buy your Dollars because it is just my luck that once ive bought all mine, the following day they will get back to the $1.90's.