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

Froggitt

Say you bought at $1.75......changing them back to £££ you will probably only get say $1.95 for them.....from M&S, PO, bank, wherever.

Unless you managed to find someone to split the difference and offer you $1.85 for them......you both win.

babylonfree

Typical that as soon as i'm going to America the £ slumps against the $... $1.69 Now!!!!!

sarmia

Its was $1.63 this morning @ Tesco this is the same rate we bougth when we last went in Nov 2005!

sturll

sarmia wrote: »

Its was $1.63 this morning @ Tesco this is the same rate we bougth when we last went in Nov 2005!

I can remember getting 2.10 just over a year ago.

floydy

am of to new york on thurs, yipppeeee

i have a nationwide flex account so will use this for spends and atm withdrawls.....will i lose out though, as it has been suggested that the rate will be lower than here if i were to buy $s here.......i expect to spend between £500-1000 but reckoned that at least i wouldn't have the hassel and lose out on exchanging left over currency.....btw i do have bout $80 cash to go with..... would appreciate ur thoughts...thanx in advance

Froggitt

Youll lose a few bucks for each ATM transaction. I dont know what rate NW offer compared to the best forex rates.

Why not change your minimum spend of £500 at Travelex (order online - pick up at airport) using the pricematch to Thomas Exchange Global to ensure best rates possible, and do the rest on the card, which is a good one for foreign trips. $80 may not get you fom the airport to your hotel!!!

Baz_2

FEvans wrote: »

.............as long as the pound does not drop below 1.70 then the interest earned should make up the shortfall.

my gut feeling is that sterling will not drop any lower thab 1.75 after all the usa is in crap street as well

Well it has dipped below $1.70 just now.

The boat has well and truely sailed for anyone buying in advance I feel.

FEvans

it went to about around 10 days ago and then went back up to 1.76 a few days later.

i still feel that it will settle at around 1.75 mark.

i dont think the heady days of 2 dollars to the pound will happen in the near future but i also do not believe that it will drop below around 1.70 for any long periods of time

jetskidia

FEvans wrote: »

it went to about around 10 days ago and then went back up to 1.76 a few days later.

i still feel that it will settle at around 1.75 mark.

i dont think the heady days of 2 dollars to the pound will happen in the near future but i also do not believe that it will drop below around 1.70 for any long periods of time

What are you basing your statements on please?
TY

Baz_2

jetskidia wrote: »

What are you basing your statements on please?
TY

He is nothing more than guessing to be honest. As we all are.

The US economy has been in dire straits for a few years now, which is why the rate went so high to begin with. It's only recently that we have joined them, which is why the rate has started to drop again. I feel we still have a way to go to get into the same level of distress that the states are in and therefore the worse it gets here the lower the rates will go.

Before the start of the problems with the economy in the states the rate was around $1.63 which is where I would imagine it is heading.

If interest rates are also cut by 1 or 2% as could happen that will just further back that up.