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

Route66er

I am planning a holiday in the US next year, and have heard the dollar may firm up against the £. I'd like to buy maybe £2-3k of dollars now and hold them to next year as a way of offsetting any currency movement (yes I know it could go the other way too!). I'd also like to have the dollars invested for the next year so I don't lose out on the normal interest I'd get on the money. Anyone got any ideas of the best way to do this?

sch

Please can anyone advise on ordering online at Post Office for US Dollars? These can be collected from my local branch - will the rate i order at be the same rate when i collect - bit confused. Thanks

sturll

Route66er wrote: »

I am planning a holiday in the US next year, and have heard the dollar may firm up against the £. I'd like to buy maybe £2-3k of dollars now and hold them to next year as a way of offsetting any currency movement (yes I know it could go the other way too!). I'd also like to have the dollars invested for the next year so I don't lose out on the normal interest I'd get on the money. Anyone got any ideas of the best way to do this?

https://www.xe.com

spikeyjac

Hey Guys I'm new here
But I was just wondering
I'm going to Las Vegas at Christmas, and hoping to do alot of shopping at cheap prices
What is the best option for me to save the most money now ?
I mean is it to buy some now or wait till then?
Thanks
Jack

[Deleted User]

Buy them in the afternoon on 21 September when the pound will hit 2.0467

spikeyjac

Are you taking the mick lol?

[Deleted User]

spikeyjac wrote: »

Are you taking the mick lol?

If I could predict movements on the markets, I'd be a millionaire right now instead of wasting lots of time getting the best deals on MSE.com
No, just kidding. Even if I were a millionaire' I'd still spend a lot of time on this great website. Anyway I hope you get a good rate when you buy your $.

Welcome to MSE by the way.

yummymummyoftwo

i got our last week from thomson who were the highest rate which was 1.84
i know how much its dropped its so dissapointing!

jackieblack

travellingbum wrote: »

Buy them in the afternoon on 21 September when the pound will hit 2.0467

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

SCRIBES

Going to Florida next May and have a bit of a dilemma:
The Dollar has risen against the £ recently. I have a Nationwide account and would be using their debit card to draw $ out there.

Seems that my Options are:

A. Take current exchange £2500 @ 1.84 (lose 10 months interest @ 5.6%)

or

B. Hold on keep money in the bank earn interest at 5.6% + hope £ rises again or the $ at least stablises.

Would be interesting to see what others would do ??

£ has risen slightly today.

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/default.stm

http://news.bbc.co.uk/1/hi/business/7562567.stm